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Stock under ₹100 hits 5% upper circuit after receiving order worth ₹33 Cr from Bharat Petroleum

Stock under ₹100 bagged a ₹33.21 Crore order from BPCL for pipeline laying and connectivity works in West Bengal, boosting its presence in city gas distribution infrastructure.
Stock under ₹100 secured ₹33.21 Crore BPCL order for city gas project.

Introduction:

Stock under ₹100 secured a ₹33.21 Crore order from Bharat Petroleum Corporation Limited for MDPE pipeline laying, last mile connectivity, and DMA activities in West Bengal, strengthening its position in the city gas distribution infrastructure segment with growing PSU project wins.

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Share Price movement of Rudra Gas Enterprise:

On March 24, 2025, Rudra Gas Enterprise Limited opened at ₹70.00, reaching a high of ₹73.58, hitting 5% upper circuit its previous close of ₹70.08, with a low of ₹69.00. The stock is currently trading at ₹73.58, with a market cap of ₹61.35 Crores.

Rudra Gas Enterprise hits 5% upper circuit:

Rudra Gas Enterprise Limited received a ₹33.21 Crore order from Bharat Petroleum Corporation Limited for MDPE pipeline laying, last mile connectivity, and DMA activities in Alipurduar and Coochbehar, West Bengal. The project strengthens its role in city gas distribution infrastructure development.

The order comprises three parts—Cooch Behar-1 city area worth ₹11.64 Crore, Cooch Behar-2 Gram Panchayat area worth ₹12.60 Crore, and Baneswar, Birpara Chowpati worth ₹8.97 Crore. The project execution timeline is eight months, with seven months for mechanical work and one month for commissioning.

Rudra Gas clarified no promoter or group company interest in the awarding entity, and the contract is not a related party transaction. This domestic order reinforces Rudra Gas Enterprise’s growing presence in the gas distribution sector, reflecting continued project wins from major PSUs like BPCL.

Also read:  Infra stock jumps 14% after receiving order worth ₹579 Cr from BHEL

Recent news About Rudra Gas Enterprise:

​Rudra Gas Enterprise Limited has been actively expanding its operations and strategic initiatives in recent months. On February 26, 2025, the company appointed M/s. Umesh Shah & Associates, Chartered Accountants, as internal auditors for the financial years 2024-25 and 2025-26, aiming to strengthen internal controls and financial oversight. ​

Stock performance of Rudra Gas Enterprise for Period of 1 week, 6 months and 1 year:

Rudra Gas Enterprise stock gained 7.48% in the past week, showing short-term recovery. However, it faced a sharp 60.6% decline over six months. Over the one-year period, the stock recorded a significant negative return of 59%, reflecting overall weak performance.

Also read: Railway stock jumps 10% after receiving order worth ₹25 Cr from HPCL

Shareholding pattern of Rudra Gas Enterprise:

SummarySep-24Mar-24
Promoter 73.00%73.00%
FII0%0%
DII 0%0%
Public27.00%27.00%

About Rudra Gas Enterprise:

Rudra Gas Enterprise Ltd (BSE: 544121) is engaged in city gas distribution projects, specializing in pipeline laying, last-mile connectivity, and related infrastructure. The company focuses on executing projects for major PSUs, contributing to India’s growing gas distribution network across various regions.

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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