GENERIC bags order worth Rs 57 Crs from Ctrls India Pvt Ltd

Generic Engineering Construction and Projects Limited (GENERIC) has been awarded the with work for Civil, Structural, Architectural & External Development works for GIS &DC4 Building at Ctrls in Mumbai worth Rs 57 Crs plus GST.

Mr. Manish Patel, Managing Director said, "We are pleased with this new order especially as it has come from the repeat client. It is our continuous endeavour to add orders from existing and new clients, both in public and private sector and we are confident on the growing execution capabilities of the company. The business opportunities in our core operating region of MMR have been promising and we expect the momentum of order inflow in residential, industrial and infrastructure sector to continue.

With receipt of above, the total current outstanding order book stands at Rs. 1087.50 crore.

Shares of Generic Engineering Construction and Projects Ltd was last trading in BSE at Rs.55.75 as compared to the previous close of Rs. 54.8. The total number of shares traded during the day was 3411 in over 18 trades.

The stock hit an intraday high of Rs. 58 and intraday low of 54.8. The net turnover during the day was Rs. 190625.

Source : Equity Bulls

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