Metal stock jumps 7% after receiving order from Patel InfrastructureMetal stock jumps 7% after receiving order from Patel Infrastructure

Introduction:

Prominent steel manufacturer has secured a significant work order from Patel Infrastructure Limited, valued at approximately ₹7 Crores. The order involves supplying Metal Crash Barriers for the Ganga Expressway Project, with delivery scheduled by March 31, 2025.

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Share price movement of Vibhor Steel Tubes:

On February 5, 2025, Vibhor Steel Tubes Ltd opened at ₹191.95, up 7.85% from its previous close of ₹178.10. The stock reached a high of ₹191.95 and a low of ₹181.45. By 11:56 AM, it traded at ₹182.50, a 2.47% increase, with a market cap of ₹346.06 crore.

Vibhor Steel Secures ₹7 Crore Order:

Vibhor Steel Tubes Limited, a leading manufacturer in the steel industry, announced the receipt of a new work order from Patel Infrastructure Limited. The order is for the supply of Metal Crash Barriers for the Ganga Expressway Project, valued at approximately ₹7 Crores.

The contract, awarded on February 3, 2025, stipulates that Vibhor Steel Tubes will deliver the specified barriers by March 31, 2025. The product ordered is the 7PM012258 Metal Crash Barrier Thrie Beam, a crucial component for the safety infrastructure of the expressway.

In compliance with SEBI’s disclosure requirements, Vibhor Steel Tubes informed the public of the order, albeit with a slight delay due to an internal communication issue. The company clarified that no promoters or related parties are involved, ensuring transparency in the transaction.

Stock performance of Vibhor Steel Tubes for Period of 1 week, 1 month and 6 months:

Vibhor Steel Tubes Limited’s performance has faced a decline, with a 6.76% drop over the past week, 15.6% over the last month, and 27.1% over the past six months, reflecting challenging market conditions in the recent period.

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Shareholding pattern of Vibhor Steel Tubes:

All values in %	Dec 2024	Sep 2024	Jun 2024
Promoter	73.50%	73.50%	73.50%
FII	0.00%	0.10%	1.00%
DII	0%	0%	0%
Public	26.50%	26.40%	25.50%

About Vibhor Steel Tubes:

Vibhor Steel Tubes Ltd (NSE: VSTL), established in 2003, specializes in manufacturing and exporting ERW black pipes, galvanized pipes, hollow sections, and primer-painted pipes, serving industries in construction, agriculture, domestic, and industrial sectors.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.