MPPGCL accepts Orient Cement Ltd's proposal for Clinker Grinding unit at Satpura Thermal Power Station

Madhya Pradesh Power Generating Company Limited (MPPGCL) has accepted Orient Cement Limited's proposal for the installation of a Clinker Grinding Unit at the Satpura Thermal Power Station, Sarni in Madhya Pradesh.

It is hereby informed that after further negotiations MPPGCL has issued a Work Order in favour of the Company to install Clinker Grinding Unit at their Satpura Thermal Power Plant location along with a Fly Ash supply contract for a period of 25 years.

The Company has submitted its acceptance to the Work Order as issued by MPPGCL. Other relevant documents including the Land Use Permission Agreement ("LUPA") shall be signed and executed shortly.

Shares of Orient Cement Limited was last trading in BSE at Rs. 302.10 as compared to the previous close of Rs. 309.30. The total number of shares traded during the day was 72798 in over 1262 trades.

The stock hit an intraday high of Rs. 310.95 and intraday low of 301.00. The net turnover during the day was Rs. 22149457.00.

Source : Equity Bulls

Keywords

OrientCement INE876N01018 ClinkerGrindingUnit MPPGCL SatpuraThermalPowerStation Sarni MadhyaPradesh