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Ratnamani Metals & Tubes has bagged a ₹248-crore order from the oil & gas sector for coated ERW pipes. The order has to be executed by August 2018, the company said in a statement to the exchanges. In August, the company had said it had bagged a new export order of $29 million (about ₹184 crore) for supply of carbon steel coated pipes to be completed by April 2018. Investors will closely monitor the execution of the orders. Shares of Ratnamani Metals gained 2.2 per cent at ₹910.50 on the NSE.
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