Apar Industries secures Export Order of Rs 111.50 crores

Apar Industries Ltd has announced that the Company has bagged large Export Orders for Aluminium Conductors which is used for power transmission lines from giant Trunk-Key Operators based in North Africa and Kazakhstan for its Conductor division aggregating to Rs 111.50 crores.

This will not only fill the gap caused due to slow down in the release of continuous orders from Power Grid Corporation Ltd; a large Domestic player but also further strengthen the Order Book position of Company Conductor division.

The stock was trading at Rs.213.05, up by Rs.3.75 or 1.79%. The stock hit an intraday high of Rs.221 and low of Rs.204. The total traded quantity was 27135 compared to 2 week average of 19038.

Source : Equity Bulls

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