Receipt of order as per attached lette
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Remi Edelstahl Tubulars Limited has received an order worth Rs. 62.66 Crores (net of GST) for Stainless Steel seamless tubes. The order is for the Thermal power sector and has been placed by a reputed equipment fabricator. The transaction is conducted at arm's length basis and is not a related party transaction. The company has disclosed this under SEBI Regulation 30 as part of fair disclosure norms.
This is a positive development as it adds a sizable order to the company's order book, providing revenue visibility. However, without details on order execution timeline or margins, the direct stock price impact may be modest.