Arfin India wins JSW Steel supply order
Arfin India, a manufacturer, supplier and exporter of aluminium wire, aluminium wire rod, flipped coil aluminium wire rod, aluminium alloy wire rod, ferro alloy product, aluminium stick, aluminium cube, aluminium shot, aluminium ingot and aluminium alloy ingot has won a supply order from JSW Steel worth INR 1.07 billion. The firm will supply to three units of JSW Steel located at Bellary, Dolvi & Salem for the financial year 2017-18.
The company’s stock had outperformed the market over the past one month till Mar. 06, 2017. The stock has recorded 16.42% rise compared with the Sensex's 2.14% rise. It outperformed the market in past one quarter, gaining 12.18% as against 10.06% rise in the Sensex.
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Shares of the company gained Rs 19.15, or 3.83%, to settle at Rs 480.40 at the BSE (Monday).
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