An indian company engaged in the production and assembly of metal components for Pipe Support recovers 3.5 percent from the day’s low after bagging 2 orders worth 52 crores for supplying manufactured components for water irrigation
Price movement
With a market capitalization of Rs. 495.89 crores, on Friday, the shares of Tembo Global Industries Ltd (NSE:TEMB) are trading at Rs. 435, up by close to 2.5 percent from its day’s low During intraday, the company’s stocks were up by 3.5 percent from the day’s low, trading at Rs 438.95.
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What’s the News
Tembo Global Industries Ltd, engaged in the production and assembly of metal components for Pipe Support, and many more has won Two Major Domestic Contracts Worth ₹51.82 Crores, strengthening the company’s growing presence in India’s infrastructure development landscape.
Order details
The company has been awarded two orders, one worth Rs 18.55 crores, and the second order is valued at Rs 33.26 crores by a reputed domestic organisation and is to be executed over 12 months. The orders pertain specifically to the supply of high-grade DI pipes, to be used in large-scale water irrigation projects, which are critical components in modern water irrigation systems.
Managements comments
Mr. Sanjay J. Patel, Managing Director of TemboGlobal Industries Ltd, said, “We are proud to contribute to India’s essential irrigation infrastructure through these significant orders. Our manufacturing capabilities, consistent quality, and timely delivery have positioned Tembo as a trusted partner for government and infrastructure-led projects. These contracts are a testament to our continued commitment toward supporting sustainable development and water resource management in the country.”
About the company
Tembo Global Industries stands as a prominent entity in the industrial sector, specializing in the production and assembly of metal components for Pipe Support Systems, Fasteners, Anchors, HVAC, Anti-Vibration Systems, and Equipment for a range of installations, including industrial, commercial, utility, and OEM. It also engages in the trade of metal products that complement its manufacturing operations.
Financials
Its revenue from operations has surged by 18.3 percent from Rs. 115.57 Crores in Q3FY24 to Rs. 136.63 Crores in Q3 of FY25, whereas the net profits of the company have grown by 83 percent from Rs. 4.3 Crores in Q3FY24 to Rs. 7.87 Crores in Q3 FY25.
Written by Likesh Babu S
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