KLG Systel bags major orders

KLG Systel Ltd has announced that the Company has developed the portfolio of SG61, Vidushi and Connectgaia.com technologies on IBM Websphere platform for addressing the AMR, AMM, Power Utility, Power Distribution & Optimization and Demand Side Management Market. As a Partner of SAP India, the Company has also achieved SAPs "Powered by Netweaver" and "certified on Netweaver" certification for its Vidushi and SPInterlink software.

The Company recently bagged two major orders from Shree Cements and Jamshedpur Utilities and Services Company Ltd (JUSCO) for approximately Rs 4 Crores. JUSCO is a subsidiary of Tata Steel. All the technologies developed by the Company shall be used as part of these projects.

The adoption of the Company's technology by large private sector enterprises is a major landmark for the Company in the Power Sector and a significant development.

The stock was trading at Rs.439.10, up by Rs.6.40 or 1.48%. The stock hit an intraday high of Rs.446.90 and low of Rs.430.10. The total traded quantity was 27987 compared to 2 week average of 130530.

Source : Equity Bulls

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