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Signet Industries receives Rs 1.20 bn orders for water supply projects

2023-06-16

Signet Industries Ltd has secured orders worth approximately Rs 1.20 billion from various EPC contractors. These orders pertain to the supply of pipes for water supply projects in states such as Madhya Pradesh, Uttar Pradesh, Orissa, Rajasthan, Maharashtra, and others. The company views these orders as a significant milestone that contributes to its ongoing growth trajectory. The supplies for these orders will play a crucial role in supporting water supply initiatives across the mentioned states.

In the stock market, shares of Signet Industries Limited were trading on the BSE at a price of Rs 43.41, slightly higher than the previous close of Rs 42.82. Throughout the day, a total of 8,850 shares were traded in 87 transactions. The stock reached an intraday high of Rs 44.00 and a low of Rs 42.85. The net turnover for the day amounted to Rs 3,84,012.00.