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Nibe, Welspun Corp and AIA Engineering to see some action today

RR Metalmakers India Ltd. | Trading | Miscellaneous | BSE: 531667 | NSE:

19 Sep 2022 Evaluate

Nibe has received a letter of intent of Rs 12.80 crore from Adani Infra (India) to design, engineering manufacturing, supplying and erection of Pre-Engineered Building (PEB).

Welspun Corp has secured a significant order for a Carbon Capture Pipeline project in the United States. This order is for supply of 785 miles (1,256 KM) or 100,000 MT (approximately) of High Frequency Induction Welding (HFIW) pipes, and would be used for transporting captured carbon dioxide. The pipes for this order will be produced from the Little Rock plant in the U.S. and the same will be executed in FY 23-24.

AIA Engineering has entered into a Supply Agreement for 3 years with SAL Steel (SAL) for supply of Ferro Chrome by SAL to the company on nonexclusive basis. Consequent thereto, the company has also agreed to provide a secured Inter Corporate Deposit of Rs 125 crore to SAL which will be used by SAL to repay its loan / for working capital requirements.

Mishra Dhatu Nigam (MIDHANI) has secured an order of Rs 185 crore. With this, the order booking position for FY 2022-23 (as on date) is around Rs 470 crore. The open order position of MIDHANI as on date is around Rs 1,535 crore.

Shreeji Translogistics has received approval from Ministry of Corporate Affairs for incorporation of a new subsidiary company namely -- Tkd Digitrans Tech on September 16, 2022. TKD Digitrans Tech is proposed to be incorporated in Bangalore, India and upon incorporation, the proposed New Subsidiary Company shall carry on the business of providing digital solutions in transportation and logistics sector on electronic platform and setting up online platforms and software applications that will help the buyers, sellers and others effectively reach each other across the globe for the transportation of goods.

SAL Steel has entered into a Supply Agreement for 3 years with AIA Engineering for supply of Ferro Chrome by the Company to AIA Engineering on non-exclusive basis. Consequent thereto, AIA Engineering has also agreed to provide a secured Inter Corporate Deposit of Rs 125 crore to the company which will be used by the company to repay its loan / for working capital requirements.

RR Metalmakers India has received approval for the proposal for divestment of 100% equity stake/investment held in its wholly owned subsidiary company, RR Lifecare, to the promoters group Company i.e RKB Global. The company, is holding 5,00,000 equity shares, constituting 100% paid up & issued capital of RR Lifecare. RR Lifecare is not a matterial subsidiary of the company. After the proposed transaction, RR Lifecare will no longer be a subsidiary of the Company. The company's Board of Directors, at its meeting held on September 16, 2022, inter alia, considered and approved the same.

RR Metalmakers India Share Price

29.20 0.00 (0.00%)

21-Apr-2026 16:59 View Price Chart

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Nibe, Welspun Corp and AIA Engineering to see some action today

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