ISMT shares surge 8% following ONGC orders worth ₹343.72 Cr

ISMT shares surged on Monday morning after stock rallies 8% following major agreements with ONGC orders worth ₹343.72 Crore.

The company secured two major agreements with Oil and Natural Gas Corporation with a combined value of about about ₹343.72 crore, which is the cost of products supplied.

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The orders involve the contractual supply of specified normal casing pipes by ISMT . These contracts also involve the supply of all orders under these agreements covered in scheduled stipulated in both dated April 11, 2024 and February 13, 2025 .

As of 11:20 am, ISMT shares were trading 8% higher at ₹104.00 on the stock exchange, reflecting the market’s positive response to the company’s latest achievement.