Advanced heavy machines manufacturer bags order worth Rs 52.50 million from Jindal Stainless Ltd

The stock gave multibagger returns of 220 per cent in 1 year and a whopping 8,750 per cent in 5 years.

Trishakti Industries Limited has secured a significant domestic contract with Jindal Stainless Limited for the immediate deployment of advanced heavy machines valued at Rs 52.5 million. This two-month contract is for Jindal Stainless Limited's ongoing Steel Project, further solidifying Trishakti Industries' relationship with the company and strengthening its position in the infrastructure sector by showcasing its capability to provide high-capacity equipment for large-scale endeavours. Trishakti Industries anticipates a positive impact on its operational performance in the coming quarters due to this agreement.

Earlier, the company secured two significant domestic contracts for the supply of advanced earth-moving machines. The first, valued at Rs 25 million, was awarded by Tuaman Engineering Limited, with deployment expected within the next two weeks for the erection and commissioning phases of a steel plant project, and the overall contract lasting 12 months. The second contract, also for Rs 25 million, comes from Larsen & Toubro Limited (L&T) for the immediate supply of heavy earth-moving equipment for their ongoing Metro Project, with a duration of two months.

 Trishakti Industries Limited provides infrastructure and oil & gas exploration services. The company engages in multiple business sectors, including logistics and infrastructure, oil and gas, food-related items, and agency services. Trishakti Industries serves customers worldwide.

The company has a market cap of over Rs 290 crore with a 3-year stock price CAGR of 200 per cent. The stock gave multibagger returns of 220 per cent in 1 year and a whopping 8,750 per cent in 5 years.

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