Shares of the company gained more than 30 per cent in the last six months.

This contract is in addition to the existing business with Tata Steel Limited and other clients.

The global markets plunged 3 per cent as the fears of an impending recession were confirmed by the inflation data, released by the US for the month of April.

At 11.45 am on Thursday, the core equity indices i.e., Sensex and Nifty 50 were trading higher by 1.30 per cent each after reaching their day’s high of 1.57 per cent. This surge in their levels comes after Federal Reserve Chairman finally hiked the funds' rates by 50 basis points on Wednesday.   

Fed Chairman also made clear that it is not planning to hike the rates by 75 basis points in the upcoming meeting in June.