Introduction:
Major steel company has been declared the lowest bidder for a major water treatment plant project in Northern India, valued at ₹1500 crores. Funded by the World Bank, the project presents significant growth opportunities and underscores the company’s technical expertise.
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Share price movement of Tembo Global:
On December 9, 2024, Tembo Global Industries Limited hit the upper circuit limit, opening at ₹783.00, up 2.00% from its previous close of ₹767.65. The stock reached a high of ₹783.00 and a low of ₹730.70. With a market cap of ₹869.42 crore, it remained at ₹783.00.
Tembo wins water project:
Tembo Global Industries Limited (NSE: TEMBO) has been declared the lowest (L1) bidder for a prestigious water treatment plant project in Northern India. The project, funded by the World Bank, is valued at ₹1500 crores.
Tembo Global Industries will receive a significant portion of the project expenditure, further solidifying its reputation in engineering mechanics and design. The project is expected to bring notable growth opportunities for the company.
A groundbreaking ceremony for the project took place on December 6, 2024, marking the commencement of this ambitious water treatment plant initiative. Tembo’s selection reflects its technical expertise and commitment to excellence.
Recent news on Tembo Global:
As of December 04, 2024, Tembo Global Industries Limited secured a major INR 43.89 crore domestic water irrigation project. The order involves supplying Ductile Iron pipes, with a completion deadline of 12 months, strengthening its position in key infrastructure sectors.
Stock performance of Tembo Global for Period of 1 week, 6 months and 1 year:
Tembo Global Industries has shown impressive performance, with a return of 8.23% over the past week, 235% over the last six months, and 204% over the past year, reflecting significant growth and strong market momentum.
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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% |
Public | 43.90% | 43.00% | 43.00% |
About Tembo Global:
Tembo Global Industries Ltd. (NSE: TEMBO) is a leading industrial company specializing in metal components for various sectors, including HVAC, anti-vibration systems, and pipe support. It also manufactures defense products, solar power systems, and trades in textiles.
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.