Hot Pursuit     10-May-23
Tinna Rubber gains on bagging IOCL contract
Tinna Rubber and Infrastructure rose 2.48% to Rs 475.55 after the company bagged a contract worth Rs 107 crore from Indian Oil Corporation.
The company has been awarded a two-year contract by Indian Oil Corporation for the supply of Crumb Rubber Modifier (CRM) at their Mathura and Haldia plants. The contract is valued at Rs 107.5 crore, which represents over 50% increase in total value compared to the previous contract.

Tinna Rubber & Infrastructure transforms end-of-life tires into valuable rubber and steel materials. These materials have various applications such as new tires, conveyor belts, rubber molded products, and roads. The steel obtained from the process is used for making steel abrasives. The company is the largest integrated waste tire recycler in India and a global leader in the manufacturing of recycled rubber materials, with manufacturing facilities spread across Panipat (Haryana), Haldia (West Bengal), Gumudipoondi (Tamil Nadu), and Wada (Maharashtra).

On a consolidated basis, net profit of Tinna Rubber & Infrastructure rose 18.09% to Rs 4.70 crore and net sales rose 8.69% to Rs 75.20 crore in Q3 December 2022 over Q3 December 2021.

Previous News
  Tinna Rubber & Infrastructure consolidated net profit rises 66.40% in the June 2022 quarter
 ( Results - Announcements 01-Aug-22   08:13 )
  Tinna Rubber & Infrastructure consolidated net profit rises 111.91% in the December 2023 quarter
 ( Results - Announcements 30-Jan-24   12:28 )
  Board of Tinna Rubber & Infrastructure recommends final dividend
 ( Corporate News - 28-May-24   11:14 )
  Tinna Rubber & Infrastructure reports consolidated net profit of Rs 1.51 crore in the December 2020 quarter
 ( Results - Announcements 08-Feb-21   08:18 )
  Tinna Rubber & Infrastructure to hold AGM
 ( Corporate News - 20-Aug-21   15:01 )
  Tinna Rubber & Infrastructure reports standalone net loss of Rs 2.40 crore in the September 2018 quarter
 ( Results - Announcements 21-Nov-18   14:29 )
  Tinna Rubber & Infrastructure reports standalone net profit of Rs 1.54 crore in the December 2020 quarter
 ( Results - Announcements 08-Feb-21   08:18 )
  Tinna Rubber & Infrastructure fixes record date for scheme of arrangement
 ( Market Beat - Reports 08-Feb-18   12:06 )
  Tinna Rubber & Infrastructure gets allots 85.64 lakh shares in Tinna Trade
 ( Corporate News - 19-Feb-18   18:42 )
  Board of Tinna Rubber & Infrastructure recommends final dividend
 ( Corporate News - 25-May-23   15:48 )
  Tinna Rubber & Infrastructure reports consolidated net loss of Rs 1.96 crore in the September 2019 quarter
 ( Results - Announcements 18-Nov-19   16:22 )
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