Loyal Equipment Shares Rise 4% on Rs 3.45 Cr Order | CORPORATE ETHOS

Loyal Equipment Shares Rise 4% on Rs 3.45 Cr Order

By: | January 3, 2018
loyal equipment

Jan 3: Ahmedabad-based Loyal Equipments Ltd has bagged a new order worth Rs 345 lakh.

“Loyal Equipments Ltd has received purchase order from Simon India Ltd of worth Rs 345 lakh for supply of shell and tube heat exchangers for Mundra LPG Terminal,” the company said in a BSE filing on Wednesday.

Incorporated in 2007, Loyal Equipments Ltd engages in manufacturing and supplying of coded pressure vessels and heat exchangers (ferrous & non ferrous), air cooled heat exchangers, skids for dynamic and static machineries, base-plates, sterilizers, chimneys and columns, tanks & receivers, site fabrication & erection activities. The company’s products are used in the petro-chemicals, compressor industries, power plants, fertilizers, refinery, pharmaceuticals and dairy industries.

Shares of the company surged 4% on BSE after the news came in today. At 12.07 pm, the Rs 10 face value shares were trading at Rs 52, up 4% from the previous closing of Rs 50.