Excel Industries Ltd to form JV with Reliable Infra

Excel Industries Limited and Reliable Infra (hereinafter jointly referred to as the "parties") have jointly received an Award from Rajkot Municipal Corporation to Design, Build, Own, Operate & Maintain the Construction & Demolition (C&D) waste management system for treatment of Construction & Demolition Waste in Rajkot on Public Private Partnership basis for a period of 20 Years (Project). The parties are required to incorporate a Special Purpose Vehicle (SPV) for execution of the Project. For incorporation of the SPV in the form of a Company and operation thereof, a Joint Venture Agreement is to be entered between the parties.

Shares of Excel Industries Limited was last trading in BSE at Rs. 1056.45 as compared to the previous close of Rs. 1055.10. The total number of shares traded during the day was 657 in over 139 trades.

The stock hit an intraday high of Rs. 1066.65 and intraday low of 1053.40. The net turnover during the day was Rs. 696215.00.

Source : Equity Bulls

Keywords

ExcelIndustries INE369A01029 ReliableInfra JV OrderWin