Ratnamani Metals & Tubes bags two new orders worth Rs 136 crore

02 January 2017

Ratnamani Metals & Tubes Ltd has informed BSE that the company has bagged two new orders aggregating to 22,000 MT valued at approx. Rs 103 Crore and Rs 33 Crore for supply of Carbon Steel ERW pipes for gas pipe line in India to be completed by June/July 2017 and Oct/Nov 2017 respectively.

The company reported 28.5% year on year drop in its net profit at Rs 60 crore for the first six months (April to September) of the financial year 2016-17 (FY17). It had profit of Rs 83 crore in the same period previous fiscal.

Source – IIFL