Kirloskar Brothers receives new orders from Government of Andhra Pradesh

Kirloskar Brothers Ltd has announced that the joint ventures formed by the Company have received following contracts from the Government of Andhra Pradesh, Irrigation & CAD Department.

The JV Company, IVRCL-KBL-MEIL has received a Contract - Hindri Niva Sujala Sravanthi (HNSS) project main canal for stage II of Phase I on EPC Turnkey system, in respect of investigation, design, manufacture, supply of pumps, motors and pressure mains at site of work including erection, commissioning and testing of 8 nos at each pumping station of Hydro mechanical, Electro mechanical and other accessories and maintenance of 12 pumps at each pumping station and the system for 15 years.

The total contract value is at Rs 761.24 Crs and KBL Portion of Contract Value is Rs.114.16 Crs.

The Company has received additional order for supply of Pumps & Pumping system from Megha Engineering & Infrastructures Ltd in respect of the aforesaid project - Contract value of Rs 145.84 crs.

The stock closed the day at Rs.460, down by Rs.3.70 or 0.80%. The stock hit an intraday high of Rs.468 and low of Rs.460. The total traded quantity was 4635 compared to 2 week average of 14448.

Source : Equity Bulls

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