The announcement was made on Saturday, 18 August 2018.

Meanwhile, the S&P BSE Sensex was up 355.45 points, or 0.94% to 38,303.33.

On the BSE, 448 shares were traded in the counter so far compared with average daily volumes of 941 shares in the past two weeks. The stock had hit a high of Rs 876.40 and a low of Rs 861 so far during the day. The stock hit a record high of Rs 1,217 on 4 January 2018. The stock hit a 52-week low of Rs 800 on 21 August 2017.

Net profit of Ratnamani Metals & Tubes rose 150.09% to Rs 57.67 crore on 106.90% rise in net sales to Rs 609.35 crore in Q1 June 2018 over Q1 June 2017.

Ratnamani Metals and Tubes is engaged in the manufacture of tubes, pipes and hollow profiles and of tube or pipe fittings of cast-iron/cast-steel.

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Ratnamani Metals & Tubes announced that the company has received two new orders for supply of CS Pipes from Oil & Gas Sector as under:

- approx. Rs.50.00 crore to be completed by April, 2019.

- approx. Rs.105.00 crore to be completed by May, 2019.

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Net profit of Ratnamani Metals & Tubes rose 150.09% to Rs 57.67 crore in the quarter ended June 2018 as against Rs 23.06 crore during the previous quarter ended June 2017. Sales rose 106.90% to Rs 609.35 crore in the quarter ended June 2018 as against Rs 294.52 crore during the previous quarter ended June 2017.

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Ratnamani Metals & Tubes will hold a meeting of the Board of Directors of the Company on 8 August 2018.

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