Stock Report

Elecon Engineering receives order from Damodar Valley Corporation



Posted On : 2007-07-30 00:29:26( TIMEZONE : IST )

Elecon Engineering receives order from Damodar Valley Corporation

Elecon Engineering Company Ltd has announced that the Company has received a Letter of Acceptance of Rs 378.50 Crores for design, engineering, supply, civil and structural work, erection and commissioning of Mechanical Handling Equipment for Mejia Thermal Power Station Phase - II (2x500 MW) Coal Handling Plant from Damodar Valley Corporation.

The stock was trading at Rs.569, up by Rs.8.50 or 1.52%. The stock hit an intraday high of Rs.572 and low of Rs.546. The total traded quantity was 155841 compared to 2 week average of 63452.

Source : Equity Bulls

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