Ratnamani Metals & Tubes receives orders for supply of HSAW pipes for Rs 339 crore

Two new orders for supply of HSAW pipes aggregating to Rs 339 crore have been bagged by Ratnamani Metals & Tubes, of which one order is for Rs 214 crore, the other is worth Rs 125 crore. 
 
Both orders have to be completed by March 2018 and April 2018, respectively. Meanwhile, it did not disclose the clients’ details. 
 
The stock of Ratnamani Metals & Tubes was trading with an increment of 4.75%, at Rs 872 in the pre-market session of Tuesday. Its share price has boosted more than 64.53% in the last one year. The company has given a dividend of Rs 5.5 against the face value of Rs 2.  
 
Ratnamani Metals and Tubes is a holding company engaged in the manufacture of tubes, pipes and hollow profiles and of tube or pipe fittings of cast-iron/cast-steel. The company’s segments include steel tubes and pipes, and windmill.