Apar Industries Conductors division receives another new contract from Adani Power

Apar Industries Ltd has announced that the Conductors Division of the Company has received another new Contract from Adani Power Ltd for manufacture and supply of ACSR Conductors aggregating value of Rs 1300 millions appx. These conductors would be used for Adani's prestigious project of 400 KV D/C Mundra-Dehgam Transmission Line.

This will further strengthen the robust Order Book position of Company's Conductor division.

The Company's conductors division is the second largest producer of conductors in India and among the top five in the world with about 23% market share catering to world's leading power generation and transmission Companies with decades of ongoing relationship and repeat business.

The stock was trading at Rs.230.40, up by Rs.11.20 or 5.11%. The stock hit an intraday high of Rs.235 and low of Rs.217.15. The total traded quantity was 39819 compared to 2 week average of 12417.

Source : Equity Bulls

Keywords