The announcement was made after market hours yesterday, 15 December 2015.

Meanwhile, the S&P BSE Sensex was up 189.42 points or 0.75% at 25,509.85

On BSE, so far 57,000 shares were traded in the counter as against average daily volume of 67,007 shares in the past one quarter.

The stock hit a high of Rs 373.90 and a low of Rs 351.30 so far during the day. The stock had hit a 52-week high of Rs 453.90 on 22 September 2015. The stock had hit a 52-week low of Rs 318.30 on 26 October 2015.

The stock had underperformed the market over the past one month till 15 December 2015, falling 6.95% compared with Sensex's 1.13% fall. The scrip had also underperformed the market in past one quarter, sliding 7.25% as against Sensex's 1.5% fall.

The small-cap company has equity capital of Rs 21 crore. Face value per share is Rs 10.

Arcotech said that the company has received an order from India Government Mint (IGM), Mumbai for supply of 6,000 MT nickel brass coils worth Rs 268.30 crore with an option of another 25% order making it an aggregate order of Rs 335.37 crore.

Arcotech's net profit rose 16.9% to Rs 8.92 crore on 18.6% growth in net sales to Rs 181.67 crore in Q2 September 2015 over Q2 September 2014.

Arcotech is engaged in manufacturing non-ferrous engineering products. The company produces all non-ferrous alloys i.e. copper, brass, phosphor bronze, nickel silver, nickel brass, cupro nickel, aluminium bronze, tin bearing copper and silver bearing copper etc.