Stock Report

Lumel S A Ltd wins order

Posted On : 2024-02-29 22:12:39( TIMEZONE : IST )

Lumel S A Ltd wins order

Rishabh Instruments Limited's ("the Company") Material Subsidiary i.e. Lumel S.A. situated in Zielona Gora, Poland has won a Project for Development of innovative control and protection devices for strategic areas of the energy industry and innovative technology for their production, based on a fully automated production process and quality control of devices under European Funds for a Modern Economy Program, Priority 1 for proposals FENG.01.01-IP.01-003E/23, European Funds for the Support for Entrepreneurs, Recruitment FENG.01.01-IP.01-001/23 - SMART Path. The execution of this project will be over the course of next 3 years.

Total cost of the project is 371.18 Million INR. The Eligible Cost of the Project is 307.53 Million INR and Subsidy Amount will be 128.21 Million INR.

Shares of Rishabh Instruments Limited was last trading in BSE at Rs. 495.75 as compared to the previous close of Rs. 496.60. The total number of shares traded during the day was 16042 in over 1006 trades.

The stock hit an intraday high of Rs. 502.60 and intraday low of 490.10. The net turnover during the day was Rs. 7974579.00.

Source : Equity Bulls


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