Texmo Pipes soars 14% on L&T order
In a filing to the BSE, the company said the order is for HDPE pipes, which will be executed over the next nine months.
By ETMarkets.com |
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NEW DELHI: Shares of Texmo Pipes & Products spurted 14 per cent today after the company was awarded an Rs 81 crore contract by Larsen & Toubro (L&T).
The stock climbed 14.19 per cent to hit a high of Rs 27.75 on the BSE.
In a filing to the BSE, the company said the order is for HDPE pipes, which will be executed over the next nine months.
Texmo Pipes & Products manufactures a range of PVC and HDPE pipes viz. suction and delivery hose pipe, rigid PVC pipes, elastomeric sealing ringfit and PVC pipe (gasket pipe).
Besides, the company manufactures PVC casing and ribbed screen casing pipes, SWR pipe, plumbing pipe, conduit pipe, caping casing strips, column pipe, HDPE plain pipe, sprinkler pipe, PLB HDPE cable duct and drip irrigation system.
The stock climbed 14.19 per cent to hit a high of Rs 27.75 on the BSE.
In a filing to the BSE, the company said the order is for HDPE pipes, which will be executed over the next nine months.
Texmo Pipes & Products manufactures a range of PVC and HDPE pipes viz. suction and delivery hose pipe, rigid PVC pipes, elastomeric sealing ringfit and PVC pipe (gasket pipe).
Besides, the company manufactures PVC casing and ribbed screen casing pipes, SWR pipe, plumbing pipe, conduit pipe, caping casing strips, column pipe, HDPE plain pipe, sprinkler pipe, PLB HDPE cable duct and drip irrigation system.
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