Key Points
- GTL lands a ₹310 million order from Reliance Industries.
- Shares of GTL jumped by 4.96% on the BSE.
- The order is for construction materials at RIL’s Jamnagar facility.
- This follows a recently fulfilled ₹290 million order from RIL.
- GTL is feeling positive about future orders from RIL and other clients.
Looma News
Gujarat Toolroom Limited (GTL) just scored a massive ₹310 million order from Reliance Industries (RIL) for construction materials, and they plan to wrap it up in just two months. This comes right after completing a ₹290 million order for RIL yesterday—talk about teamwork!
GTL’s stock shot up nearly 5% to ₹14.38, proving that investors are thrilled about this deal. With these two orders combined, that’s a whopping ₹600 million, showing GTL is becoming a top supplier for one of India’s biggest players.
Strengthening Ties
This new order is focused on supplying materials for RIL’s Jamnagar facility, a big responsibility. GTL has already shown it can deliver, making it a trusted choice for RIL. The company’s leadership is optimistic, suggesting more orders could be on the way from RIL and other important clients. So, keep your eyes on GTL, things are looking up.
