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TRF surges on bagging order worth Rs 76 crore from Bhushan Power and Steel

05 Nov 2014 Evaluate

TRF is currently trading at Rs. 328.35, up by 6.00 points or 1.86% from its previous closing of Rs. 322.35 on the BSE.

The scrip opened at Rs. 332.95 and has touched a high and low of Rs. 342.85 and Rs. 325.70 respectively. So far 73069 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 342.85 on 05-Nov-2014 and a 52 week low of Rs. 97.05 on 13-Nov-2013.

Last one week high and low of the scrip stood at Rs. 342.85 and Rs. 290.00 respectively. The current market cap of the company is Rs. 360.06 crore.

The promoters holding in the company stood at 34.30% while Institutions and Non-Institutions held 7.74% and 57.95% respectively.

TRF has bagged an order worth Rs 76.00 crore from Bhushan Power and Steel, Jharsuguda, Odisha for Design, Engineering, Manufacturing, Supply and Supervision of Erection & Commissioning of Belt Conveyor System & Auxiliaries for Blast Furnace-2, Coke Oven-2, Sinter Plant-2, Coal & Coke Handing and RMHS area for Integrated Iron and Steel Plant, Jharsuguda, Odisha.

TRF is part of the Tata Group of companies, comprising over 90 enterprises in seven business sectors having operations in 40 countries. It undertakes turnkey projects for power and steel plants, ports, fertilisers and mining sectors.

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