 "Alstom T&D hits 52-week high on Rs 298cr order")
Alstom T&D India has moved higher by 5% to Rs 201, extending its 4% gain in past two trading sessions, after the company said it has received two orders worth Rs 298 crore for supplying equipment for power stations in Himachal Pradesh.
The stock opened at Rs 196 and touched a 52-week high of Rs 202 on the National Stock Exchange (NSE). A combined 101,561 shares have changed hands on the counter till early noon deals on the NSE and BSE.
The company has been awarded two contracts with a total value of Rs 298.3 crore to supply two gas-insulated substations (GIS) at Wangtoo and Gumma in Himachal Pradesh,” Alstom T&D India said in a statement.
The projects respectively received from Larsen & Toubro (L&T) and HP Power Transmission Corporation Limited (HPPTCL), aim to improve the transmission capacity of HPPTCL for the transport of electricity generated by hydropower sources across the state, the statement said.
Meanwhile, Tata Housing announced that it had entered into an agreement with Alstom T&D India to buy its manufacturing unit spread across 20 acres in Bangalore.
Last week, Alstom T&D India has said that it has entered into an ‘Agreement for Sale’, with a large Indian Business Group company, for a total sale consideration of approximately Rs 120 crore.
The stock opened at Rs 196 and touched a 52-week high of Rs 202 on the National Stock Exchange (NSE). A combined 101,561 shares have changed hands on the counter till early noon deals on the NSE and BSE.
The company has been awarded two contracts with a total value of Rs 298.3 crore to supply two gas-insulated substations (GIS) at Wangtoo and Gumma in Himachal Pradesh,” Alstom T&D India said in a statement.
The projects respectively received from Larsen & Toubro (L&T) and HP Power Transmission Corporation Limited (HPPTCL), aim to improve the transmission capacity of HPPTCL for the transport of electricity generated by hydropower sources across the state, the statement said.
Meanwhile, Tata Housing announced that it had entered into an agreement with Alstom T&D India to buy its manufacturing unit spread across 20 acres in Bangalore.
Last week, Alstom T&D India has said that it has entered into an ‘Agreement for Sale’, with a large Indian Business Group company, for a total sale consideration of approximately Rs 120 crore.