Company news: Signet Industries

| Updated on February 19, 2019 Published on February 19, 2019

Signet Industries has received orders worth ₹130 crore from various companies such as L&T, Shapoorji Pallonji and Company Pvt Ltd, Future Infrastructure & Development Pvt Ltd, Megha Engineering & Infrastructures, NCC, GA Infra Pvt Ltd, and Offshore Infrastructures, among others. These orders are for high pressure pipelines to be used in various infrastructure projects in Madhya Pradesh, Rajasthan and Orissa. Supplies for these orders have already started and the company would complete the orders well within the contracted time, aided by the recently expanded capacities, it said in a statement to the exchanges. Shares of Signet Industries jumped 4.6 per cent at ₹40.65 on the NSE.

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Published on February 19, 2019
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