Surya Roshni announced today morning that it has won orders from Indian Oil Corporation worth Rs.152 crore and Rs.135 crore worth order from Bharat Gas Resources.
These orders are for LPG pipelines and API grade pipes for city gas distribution.
The IOC order has to be executed in 10 months and Bharat Gas by 12.
The market is happy with this development and the stock price rose today after two days of consistent fall. It rose 5% to hit an intraday high at Rs.174.50. Its 20% UC for the day is at Rs.199.55.