But that's not all! The company recently announced that, along with its joint venture (JV) partners, it has received a letter of award for the Rihand Micro Irrigation Project from the Department of Water Resources, Madhya Pradesh. 

The firm has a market cap of Rs 1,076 crore with a low PE multiple of 6.83.

Today, shares of the company saw a spurt in volume by more than 13.80 times on BSE.  

In Q2FY23, net sales and net profit rose by 23.27 per cent and 88.37 per cent respectively compared to Q2FY22.