ABC India surges 19% on order win of Rs 1,419 million from BHEL

The stock surged 19% to Rs 109 on the BSE in intra-day trade after the company announced that it has been awarded an order of Rs 1,419 million from the state-owned company BHEL.

ABC India surged 19% to Rs 109 on the BSE in intra-day trade after the company announced that it has been awarded an order of Rs 1,419 million from the state-owned company BHEL.

The order is for multimodal transportation of export project cargo from India to the MSTPP Rampal Project in Bangladesh, ABC India said in a regulatory filing.

The details of the aforesaid order will be intimated shortly, it added.

Since February 12, 2018, the stock had underperformed the market by falling 13%, as compared to 0.13% gain in the S&P BSE Sensex till Tuesday. The