Rs 1,600 Crore Order Book: Engineering Company Wins Two Major Domestic Contracts Worth Rs 51,82,02,419
The stock gave multibagger returns of 125 per cent from its 52-week low of Rs 200 per share.
Tembo Global Industries Ltd. (NSE: TEMBO), a leading name in manufacturing and engineering solutions, is pleased to announce the receipt of two substantial domestic orders for the supply of ductile iron (DI) pipes to be used in large-scale water irrigation projects. The total value of these orders stands at Rs 51,82,02,419, strengthening the company’s growing presence in India’s infrastructure development landscape.
The first order is valued at Rs 8,55,06,089 and the second order is valued at Rs 33,26,96,330. Both contracts have been awarded by a reputed domestic organisation and are to be executed over 12 months. The orders pertain specifically to the supply of high-grade DI pipes, which are critical components in modern water irrigation systems
Incorporated in 2010, Tembo Global Industries is a leading industrial player specialising in the production and assembly of critical components like Pipe Support Systems, Fasteners, and Anchors. The company caters to diverse sectors including industrial, commercial, utility, and OEM, with a strong focus on HVAC and Anti-Vibration Systems. Tembo's expertise extends to the fabrication and installation of ductile pipes, HDB pipes, and MS plates, with its products certified by renowned organisations like Underwriter's Laboratory Inc. (USA) and FM Approval (USA). As a 2-star Export House, Tembo has a significant global presence. The company has diversified its operations in recent years, venturing into EPC contracting and securing orders from prominent infrastructure clients. In 2023, Tembo expanded into the defence and solar power sectors, demonstrating its commitment to growth and innovation.
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The company has a market cap of Rs 495 crore and as of December 31, 2024, the order book stands at Rs 1,600 crore. The stock gave multibagger returns of 125 per cent from its 52-week low of Rs 200 per share.
Disclaimer: The article is for informational purposes only and not investment advice.