Shares of Sanghvi Forging and Engineering were up over 7% at Rs 66 after the company said it has received fresh orders from the oil & gas and power sectors.
The company has won new orders worth Rs 11 crore the majority of which are for the heavy open die forging plant, the company said in a release.
The newly started heavy open die forging unit with the capacity of 15000 MTPA has increased the forging capacity five fold, the release added.
The stock opened at Rs 63.65 and touched a high of Rs 68.50. At 11:25am, over 129,000 shares were traded on both the stock exchanges.
