Following the announcement, the stock advanced on the exchanges and touched a 52-week high of ₹508.45, up 14.4 per cent, on the NSE. The counter has also rebounded 24 per cent from its 52-week low of ₹408 per share recorded on June 11, 2026.
During intraday trade at around 1:12 pm, the stock was changing hands at ₹483.45 per share, up 8.8 per cent. At the same time, the benchmark Nifty 50 was trading 0.15 per cent higher.
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Order details
The company informed exchanges that it has received a contract valued at approximately $13.51 million from a buyer based in London, United Kingdom. The order is for the supply of 30,000 metric tonnes (±5 per cent) of basic grade pig iron, to be delivered on a free-on-board (FOB) basis against a letter of credit payable at sight. Shipment is scheduled to be completed by August 15, 2026, subject to contractual terms related to shipping and trade.
Corporate updates
In a separate exchange filing dated June 12, 2026, the company’s Board of Directors recommended a final dividend of ₹3 per equity share of ₹5 each (60%) for the financial year 2025–26, subject to shareholder approval at the upcoming annual general meeting.
The board also approved the allotment of 17,841 equity shares of ₹5 each under the company’s employee stock option scheme. Following this allotment, the issued, subscribed, and paid-up share capital of the company increased to ₹82,49,61,920, comprising 16,49,92,384 equity shares of ₹5 each.
