Elecon Engineering Company Ltd receives LOI for contract worth Rs. 82.78 crores

Elecon Engineering Company Limited has received a Letter of Intent for awarding a contract of Rs. 82.78 Crores (excluding GST) from Arcelormittal Nippon Steel India Limited, 27th KM Surat Hazira Road, Hazira, Surat394 270, Gujarat, India for Manufacturing and supply of Belt Conveyor Mechanical Equipment and Technological Structure for MH SYSTEMCOBP#I&2 BF#1at its Hazira Plant, Surat, Gujarat.

Shares of Elecon Engineering Company Limited was last trading in BSE at Rs. 1075.35 as compared to the previous close of Rs. 1085.90. The total number of shares traded during the day was 29807 in over 2034 trades.

The stock hit an intraday high of Rs. 1100.00 and intraday low of 1061.25. The net turnover during the day was Rs. 32363022.00.

Source : Equity Bulls

Keywords

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