Tinna Rubber and Infrastructure has been awarded a 2-year contract by Indian Oil Corporation for the supply of Crumb Rubber Modifier (CRM) on a rate contract basis for their plants in Mathura and Haldia for a total value of Rs 107.5 crore, representing more than 50% increase in total value over the previous contract.
Tinna Overseas founded in 1984, is a professionally managed, rapidly expanding manufacturing and marketing organization headed under the dynamic leadership of Bhupinder Kumar Sekhri, who laid strong emphasis on the utilization of modern technology for qualitative services and business efficiency geared towards complete customer satisfaction and achieving milestones. In 2013 the company changed its name from Tinna Overseas Ltd to Tinna Rubber and Infrastructure Ltd.
Tinna Rubber and Infrastructure is a market leader in the field of bituminous products. The company has captured a substantial share due to its high quality, reliability and customer satisfaction. The company also has an interest in winery, agribusiness and warehousing. In Q3FY23, on a consolidated basis, the company has reported a rise in net profit by 14.89% to Rs 4.61 crore as compared to Rs 4.01 crore in the same quarter last year. The net sales of the company increased by 13.30% to Rs 75.20 crore in the third quarter of FY23 as compared to Rs 66.37 crore and reported an increase of 5.01% sequentially.
Today, the shares of this company are trading at Rs 480, up by 15.95 points or 3.44% from its previous closing of Rs 464.05 on the BSE. The scrip opened at Rs 460 and has touched a high and low of Rs 494.95 and Rs 452 respectively. So far 24,585 shares were traded on the counter.
The BSE group ‘X’ stock of face value of Rs 10 has touched a 52-week high of Rs 725.80 and a 52-week low of Rs 263.75. The promoters holding in the company stood at 73.8%, while Institutions and Non-Institutions held 1.36% and 24.83% respectively.
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