Loyal Equipments soars on order win

Loyal Equipments Limited has received a purchase order of Rs. 270.00 lakhs from Linde Engineering India for the supply of complete skid package for key CO2 project in California, US.

Last week, the company had received a purchase order of Rs. 2.57 crore from the same company for the supply of complete skid package for Cryogenic Hydrogen Recovery Unit (CHRU Project) of Ramagundam Fertilizer complex located at Ramagundam, Telangana.

Loyal Equipments is involved in the design, manufacture, supply and erection/commissioning of process equipments like pressure vessels, air cooled heat exchanger, shell and tube heat exchanger, and other items for oil/gas, petroleum, chemical, sugar, steel, fertilizers and power plant sector.

At 12:30 pm, the stock of Loyal Equipments was trading at Rs 42.40 per share, up Rs 1.90 or 4.69 per cent on the BSE. The scrip opened at Rs. 42.30 and touched a high and low of Rs 42.40 and Rs. 40.30, respectively. The stock has a 52-week low and high of Rs. 12 and Rs. 42.67, respectively. The stock has ascended over 244.72 per cent in the last one year.