Ratnamani Metals & Tubes has bagged two new orders for supply of HSAW Pipes aggregating to Rs 3.39 billion for approximately Rs 2.14 billion and Rs 1.25 billion which will be completed by March 2018 and April 2018 respectively.
Total volume of shares traded on the bourses today was lower by 18.78% to 14,663 compared with 22-day average volume of 18,053.
Ratnamani Metals & Tubes is a multi-location, multi-product company, in India, manufacturing Tubes & Pipes in Stainless Steel/Exotic material and also Carbon Steel Pipes, in wide size ranges, for wide spectrum of applications.
Shares of the company gained Rs 18.75, or 2.25%, to trade at Rs 851.20. The total volume of shares traded was 1,695 at the BSE (10.01 a.m., Tuesday).