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The Anup Engineering stock climbs 2.69% following major order wins in UAE
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2 min read | Updated on August 12, 2024, 12:14 IST
SUMMARY
The Anup Engineering's stock rose by 2.69% to ₹1851.95 on the BSE, gaining 48.60 points. The stock opened at ₹1860.65, with a high of ₹1875.00 and a low of ₹1820.00, with 1253 shares traded. The company secured two critical orders worth over ₹100 crore, with 90% from a leading European EPC contractor for a UAE project.
Stock list
Anup Engineering is India’s leading Heat Exchanger Manufacturer.
The scrip opened at ₹1860.65 and has touched a high and low of ₹1875.00 and ₹1820.00 respectively. So far 1253 shares were traded on the counter.
The stock of face value ₹10 touched a 52-week high of ₹2186.95 on 06-May-2024 and a 52-week low of ₹928.00 on 09-Oct-2023.
Last one week high and low of the scrip stood at ₹1875 and ₹1678.70 respectively. The current market cap of the company is ₹3690.74 crore.
The promoters holding in the company stood at 41.24%, while Institutions and Non-Institutions held 12.24% and 46.54% respectively.
The Anup Engineering (ANUP) has bagged two critical orders valued over ₹100 crore. About 90% of this is from one of the renowned EPC contractors in Europe for a critical project in UAE. The scope consists of manufacturing and supplying pressure vessels of complex metallurgies.
Winning repeat orders from renowned EPC companies, for such critical projects, for such complex equipment’s, and on aggressive timelines, signifies the company’s capability to serve the most complex requirements of its customers.
The Anup Engineering is India’s leading Heat Exchanger Manufacturer. The company caters to wide range of process industries including Oil & Gas, Petrochemicals, LNG, Fertilisers, Chemicals/Pharmaceuticals, Power, Water, Paper & Pulp and Aerospace with its extensive product range of Heat Exchangers, Reactors, Pressure Vessels, Columns & Towers, Industrial Centrifuges & Formed Components.
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