 "Arcotech rallies on order from India Government Mint")
Arcotech has rallied 9% to Rs 374 on the BSE in early morning trade after the company said it has received an order worth Rs 268 crore from India Government Mint (IGM), Mumbai.
“The company has received an order from India Government Mint (IGM), Mumbai for supply of 6000 million tonnes (MT) nickel brass coils worth Rs 268.30 crore with an option of another 25% order making it an aggregate order of Rs 335.37 crore,” Arcotech, the copper and brass foil manufacturer in India, said in a filing on the BSE.
At 09:27 AM, the stock was up 6.5% at Rs 366 on the BSE. A combined 28,358 shares changed hands on the counter on the BSE and NSE.
“The company has received an order from India Government Mint (IGM), Mumbai for supply of 6000 million tonnes (MT) nickel brass coils worth Rs 268.30 crore with an option of another 25% order making it an aggregate order of Rs 335.37 crore,” Arcotech, the copper and brass foil manufacturer in India, said in a filing on the BSE.
At 09:27 AM, the stock was up 6.5% at Rs 366 on the BSE. A combined 28,358 shares changed hands on the counter on the BSE and NSE.