Company receives Rs 60.25 crore tube orders
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On the reaction day the stock moved 6.2 pts more than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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REMI Edelstahl Tubulars has received orders worth Rs. 60.25 crore, net of GST, for stainless steel welded and seamless tubes. The orders are from leading private heat exchanger manufacturers serving thermal power equipment and are in the normal course of business at arm's length terms.
The orders may support near-term sales and business visibility, but the stock impact depends on delivery timing, margins and the order size versus revenue.