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As on : 16-Oct-2026
Hot Pursuit
16-Oct-2026     14:26

Panchmahal Steel jumps 3.16% after securing Rs 25.25 crore order from Bharat Heavy Electricals

Panchmahal Steel Ltd. is up 3.16% to Rs 294.0, building on recent gains and showing a weekly increase of 8.13%.

Panchmahal Steel Limited announced it has received a purchase order from Bharat Heavy Electricals Limited (BHEL) – Boiler Auxiliaries Plant, Ranipet, for the supply of SS Wires. The order, received on October 16, 2026, follows the company’s earlier declaration as the lowest bidder (L1) for the project and carries a total value of Rs 25,25,33,820.00. The order was awarded by a domestic entity, a Government of India undertaking, and details regarding terms and conditions are outlined in the purchase order dated October 15, 2026.

Trading volume reached 364 shares today, a substantial increase of 4450.0% compared to the one-week average. Panchmahal Steel Ltd remained flat year-over-year, outperforming the NIFTY50 index's 9.19% loss.

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