KLG Systel receives fresh orders worth Rs 75 Crores

KLG Systel Ltd has announced that the Company has been awarded a contract for implementation of their software Vidushi and Automatic Meter reading (AMR) / Advanced Metering Infrastructure (AMI) System i.e. SG 61 for Rs 75 Crores by a power distribution utility in India. The system shall be implemented in twelve months and maintained for five years. It shall cover one million power customers for the Utility. This system will use the Company's Intellectual Property Rights (IPR).

The stock closed the day at Rs.621.45, up by Rs.27.05 or 4.55%. The stock hit an intraday high of Rs.635 and low of Rs.599.70.

The total traded quantity was 144665 compared to 2 week average of 89898.

Source : Equity Bulls

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