18 Feb 2025

Loyal Equipments Gains 1.46% on BSE, Secures Rs. 25.95 Crore Order from Linde Engineering

Loyal Equipments is currently trading at Rs. 215.15, rising 3.10 points or 1.46% from its previous close of Rs. 212.05 on the BSE.

The stock opened at Rs. 223.90, reaching a high of Rs. 223.90 and a low of Rs. 212.00 so far. A total of 953 shares have been traded on the counter.

The BSE group 'X' stock with a face value of Rs. 10 recorded a 52-week high of Rs. 342.00 on 26-Aug-2024 and a 52-week low of Rs. 137.60 on 29-Feb-2024. In the past week, the stock has fluctuated between Rs. 234.90 and Rs. 201.15. The company's current market capitalization stands at Rs. 232.15 crore.

Promoters hold 73.53% of the company, while Non-Institutions hold 26.47%.

In a key development, Loyal Equipments has secured an order worth Rs. 25.95 crore (including GST) from Linde Engineering India for the supply of Valve Skids with interconnecting Piping. The order is expected to be completed within 14 months.

The company specializes in manufacturing and supplying Coded Pressure Vessels & Heat Exchangers (Ferrous & Non-Ferrous), Air Cooled Heat Exchangers, Skids for Dynamic and Static Machineries, Base-Plates, Sterilizers, Chimneys and Columns, Tanks & Receivers, and Site Fabrication & Erection Activities.