Many selling shares but Mukesh Ambani’s Reliance Industries gave BIG order to this Rs 62-Share company to supply…, in its…

Expo Gas Containers Ltd is a publicly listed company, has received a big work order from Mukesh Ambani-led Reliance Industries Ltd. (RIL). This order is given when investors have been selling the company’s shares. On Tuesday its stock closed at Rs 62.02 and was down by 2.16%, after touching an intraday low of Rs 61.01. Over the past year, the stock went to a high of Rs 70.64 and a low of Rs 24.70.

Expo Gas Containers announced that it has won a work order from Reliance Industries for supplying 51 units of CS fabricated fittings for its Jamnagar site. The company disclosed to the Bombay Stock Exchange (BSE) that the order is valued at Rs 1,10,92,361 and is expected to be completed within three months of the issuance of the purchase order or letter of intent.

Order From BPCL

The company has also received big orders for Expo Gas Containers earlier. In March, the company received a work order from Bharat Petroleum Corporation Limited (BPCL). The BPCL order was of Rs 25,62,79,924 for work at the Mahul refinery in Mumbai and is likely to be completed in three years.

Expo Gas Containers Ltd

It was established in 1982 and based in Pune. It is a heavy engineering firm that works in plant equipment like pressure vessels, deaerators, turnkey projects, and piping solutions. The company also handles on-site projects like storage tanks and offers maintenance and other services for industrial equipment.

Shareholding Pattern

The company’s promoters hold a 56.95% stake, while public shareholders own the remaining 43.05%. The promoter group includes Sajida Hasnain Mevawala, Shabina, Murtaza, and Shabina Mevawala.

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