Introduction:
Leading industrial player has secured a ₹40.73 crore contract to supply Ductile Iron (DI) pipes for a water irrigation project. This achievement underscores its expertise in infrastructure solutions and strengthens its presence in the water sector.
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Share price movement of Tembo Global:
On January 9, 2025, Tembo Global Industries Ltd. opened at ₹793.95, down 0.22% from its previous close of ₹795.70. The stock reached a high of ₹800.00 (0.54%) and a low of ₹755.95. By 3:30 PM, it traded at ₹765.00, a 3.86% decrease, with a market cap of ₹849.44 crore.
Tembo Global Secures ₹40.73 Cr Irrigation Project:
Tembo Global Industries Ltd., a leader in metal components and solutions, has won a ₹40.73 crore domestic contract to supply Ductile Iron (DI) pipes for a water irrigation project. This milestone highlights the company’s expertise in infrastructure solutions.
The project, set to be executed within 12 months, strengthens Tembo’s footprint in the water and infrastructure sectors. This order demonstrates the company’s growing capabilities in addressing key industrial needs while contributing to national infrastructure development.
Recent news on Tembo Global:
As of October 16, 2024, Tembo Global Industries Ltd. secured a ₹595 crore contract from MSEDCL to establish 124 MW solar power stations under the PM-KUSUM scheme, aimed at solarizing agricultural feeders in Maharashtra.
Stock performance of Tembo Global for Period of 1 week, 6 months and 1 year:
The company experienced a 9.83% decline in the past week, reflecting short-term volatility. However, its longer-term performance remains strong, with an impressive 248% return over six months and a 165% return over the past year, highlighting its robust growth trajectory.
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Shareholding pattern of Tembo Global:
| All values in % | Sep 2024 | Jun 2024 | Mar 2024 |
| Promoter | 55.40% | 55.40% | 55.40% |
| FII | 0.70% | 1.60% | 1.60% |
| DII | 0% | 0% | 0.00% |
| Public | 43.90% | 43.00% | 43.00% |
About Tembo Global:
Tembo Global Industries Ltd (NSE: TEMBO) is a leading manufacturer and exporter of metal products, specializing in pipe systems, fasteners, and sanitary wares, with three Vasai-based units and a strong presence in international markets.
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.
