In a latest development, Ahmedabad-based Jaihind Projects Ltd has secured two new contracts worth Rs 245.65 crore.

The company has informed that it received the first order worth Rs 230.81 crores from Gujarat State Petronet Ltd for E.P.C. Project for Darod - Jafrabad Gas Pipeline Project - Section A.

While, the second order, which is valued at Rs 14.84 crore, has bagged by the company from Gujarat State Petronet Ltd for Laying of Olpad-Utran Gas Pipeline Project.

Jaihind Projects, formerly known as Jaihind Welding Works, provides engineering and construction services to oil and gas, steel, water supply, and power industries in India.

The scrip closed today at Rs 86, up 5% compared to previous close of Rs 82. The counter has made 52-week-high and low of Rs 128 and Rs 32 respectively.