InvestorQ : Can you tell me about the orders that Surya Roshni has received from IOCL? Was that the reason the stock of Surya Roshni gained on Friday?
Debbie Mascarenhas made post

Can you tell me about the orders that Surya Roshni has received from IOCL? Was that the reason the stock of Surya Roshni gained on Friday?

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Arti Chavan answered.
3 months ago
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Surya Roshni received orders worth Rs.73 crore from Indian Oil Corporation. The order is for the supply of API 5L Grade 3LPE Coated and bare Pipes to IOCL for its gas pipeline projects in the states of Bihar and Tamil Nadu. The execution period is over the next eight months. Earlier, Surya Roshni had received orders worth Rs.287 crore from IOCL in Sep-20.

In addition, Surya Roshni has also received orders worth Rs.273 crore from GAIL India as well as from Indradhanush Gas Grid or IGGL. The IGGL contract was worth Rs.221 crore to be executed over a period of 60 weeks while the GAIL order was executable over 8 months time frame. The stock also saw higher volumes on account of these orders.

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