Receipt of order as per attached letter
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 has bagged an order worth Rs. 25.31 Crores (net of GST) for stainless steel welded pipes. The pipes will be used in a wastewater treatment project tied to an environmental upgradation infrastructure initiative. The order has come from a reputed multinational EPC company. The deal was secured in the normal course of business and is not a related-party transaction.
Positive for the company as it strengthens the order book and supports future revenue. The size of the order is significant for a small-cap firm and could improve near-term business visibility, though the stock reaction depends on the order's share of overall revenue.