Trishakti Industries touches roof on planning to form joint venture with PT Tubular Services Indonesian

23 Nov 2023 Evaluate

Trishakti Industries is currently trading at its upper limit of Rs. 116.45, up by 2.28 points or 2.00% from its previous closing of Rs. 114.17 on the BSE.

The scrip opened at Rs. 116.45 and has touched a high and low of Rs. 116.45 and Rs. 116.45 respectively. So far 15485 shares were traded on the counter.

The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 118.51 on 21-Nov-2023 and a 52 week low of Rs. 30.07 on 17-Jul-2023.

Last one week high and low of the scrip stood at Rs. 118.51 and Rs. 114.17 respectively. The current market cap of the company is Rs. 34.94 crore.

The promoters holding in the company stood at 36.09%, while Non-Institutions held 63.91% stake in the company.

Trishakti Industries is planning to form a joint venture with PT Tubular Services Indonesian to set up a seamless pipe plant with estimated project value of approximate RS 600 crore. This joint venture is a strategic move to expand its operations and introduce new products into the market.

The seamless pipe plant will cater to the growing demand for high-quality pipes in various industries such as oil and gas, construction, automotive, and infrastructure development. The joint venture will bring together the technical expertise and resources of both companies to establish a state-of-the-art facility that will meet the stringent quality standards and production requirements of the industry. This joint venture will create significant value for its shareholders and contribute to the economic growth of the country. It will also strengthen its position in the market and enhance its competitiveness in the global arena. 

Trishakti Industries is one of the leading crane hiring company in India. It is providing Services to the well known companies including Oil & Natural Gas Corporation, the biggest oil & gas exploration company in India and also other PSU's, PRIVATE and Multinational (MNC’s) as clients.


Trishakti Industries Share Price

55.00 1.02 (1.89%)
31-May-2024 16:01 View Price Chart
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