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Steel stock hits upper circuit after it receives order worth ₹1500 Cr for water treatment plant project

Major steel company has been selected as the lowest bidder for a ₹1500 crore World Bank-funded water treatment plant project in Northern India, highlighting its technical expertise and growth potential.
Steel stock rises 2% after securing ₹1500 Cr order for water treatment plant project.
Steel stock rises 2% after securing ₹1500 Cr order for water treatment plant project.

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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Also Read: PSU stock jumps 4% after it receives work order worth ₹82 Cr from Govt of Guyana

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.

Also Read: Railway stock jumps after it receives 2 orders from South Central Railway and EPFO

Shareholding pattern of Tembo Global:

All values in %Sep 2024Jun 2024Mar 2024
Promoter55.40%55.40%55.40%
FII0.70%1.60%1.60%
DII0%0%0%
Public43.90%43.00%43.00%
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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.

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फार्मा स्टॉक में उछाल, ₹177 करोड़ के ब्राउनफील्ड प्रोजेक्ट के लिए कैपेक्स की घोषणा की।

फार्मा स्टॉक ने झगड़िया में ₹177 करोड़ का अपग्रेड प्लान किया है, जिससे संचालन ऑटोमेट होगा और इलेक्ट्रोलाइट एडिटिव्स सुविधा