Kinetic Engineering secures Rs 20 crore order

The Board of Kinetic Engineering Ltd took note of the commencement of supplies of the transmission gears to the Nano Project, as well as of order received by the Company for supply of transmission components from a leading manufacturer of commercial vehicles in India. Value of this order is estimated at Rs 20 crore.

This is in addition to the order, estimated to be valued at Rs 40 crore once the supply commences, as received from a leading automotive manufacturer in Europe, during the last quarter.

The stock was trading at Rs.53.80, up by Rs.2.55 or 4.98%. The stock hit an intraday high of Rs.53.80 and low of Rs.53.75.

The total traded quantity was 275 compared to 2 week average of 858.

Source : Equity Bulls

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