Engineering and materials handling equipment maker, Elecon Engineering Limited has informed that mining major, NMDC Ltd has awarded a letter of intent of Rs 17.13 crore for two lump ore stackers for NMDC's Bacheli and Kirandul Complex projects.
"The company has been awarded letter of intent of Rs 17.13 crore for the supply, erection and commissioning of two numbers of lump ore stackers including initial spares one each for their Bacheli Complex and Kirandul Complex Projects," the company informed in a filing with the Bombay Stock Exchange (BSE) on Tuesday.
Elecon shares traded positive with gains of 0.21% at Rs 48.75 on the BSE during afternoon trades on Tuesday.