Rs 88.84 Crore Order Book: Multibagger Penny Stock Under Rs 70 Receives New Order Worth Rs 45,00,00 From Reliance Industries Ltd

On Tuesday, shares of Expo Gas Containers Limited plunged 1.84 per cent to Rs 61.38 per share with an intraday high of Rs 64.10 per share and an intraday low of Rs 59.41 per share from its previous closing of Rs 62.53 per share. The stock’s 52-week high is Rs 77.55 per share and its 52-week low is Rs 24.70 per share.

Expo Gas Containers Limited received a domestic work order on May 27, 2025, from Reliance Industries Limited, Jamnagar site. The order, valued at Rs. 45 Lakhs (inclusive of taxes), is for the supply of 6 Nos. of CS fabricated fittings (Reducing Tee and Miter bends) for the Offsites & utilities project at RIL Jamnagar. The work is to be executed within 3 months from the date of the Purchase Order/Letter of Intent, under the formal agreement between the two entities.

Earlier, the company has secured a work order from Reliance Industries Limited at their Jamnagar site, in the normal course of business, for the supply of 51 units of CS fabricated fittings intended for offsites and utilities projects. This order, received from a domestic entity as per a formal agreement with Reliance Industries Limited, is valued at Rs 1,10,92,361 and is expected to be completed within a timeframe of 3 months from the issuance of the Purchase Order or Letter of Intent.

Established in 1982, Expo Gas Containers Ltd (EGL) is a heavy engineering firm based in Pune, specialising in process plant equipment like pressure vessels and deaerators, alongside turnkey projects and piping solutions. With ISO certifications, EGL provides comprehensive services from design to installation, manufacturing a wide array of equipment using diverse metallurgies. The company also handles on-site projects such as storage tanks and offers maintenance and repair services for industrial equipment.

The company has a market cap of over Rs 140 crore and debtor days have improved from 40.6 to 23.4 days. The company has an order book of Rs 88.84 crore as of December 2024. The stock has given multibagger returns of 130 per cent in just 1 year and a whopping 2,500 per cent in 5 years.

Disclaimer: The article is for informational purposes only and not investment advice.