 "Taneja Aerospace zooms 20% on signing contract with Indian Air Force")
Taneja Aerospace and Aviation has locked in upper circuit of 20% at Rs 60.35 on BSE after the company said it has signed a contract with Indian Air Force, Nasik for upgradation of their MIG 29 aircrafts.
"We confirm that the Company has signed a contract with Indian Air Force, Nasik on 26th November, 2014 for upgradation of their MIG 29 aircrafts. The contract is for a value of Rs 12.79 crore and is to be executed over a period of three years effective December 01, 2014,” Taneja Aerospace and Aviation said in a statement.
The company has given on clarification on the media report and news item captioned "Taneja Aerospace signs contract to upgrade MIG 29s’.
The stock opened at Rs 54 and hit a low of Rs 51.70 on BSE. At 1447 hours, around 228,000 shares changed hands and there are pending buy orders for 92,709 shares on BSE.
"We confirm that the Company has signed a contract with Indian Air Force, Nasik on 26th November, 2014 for upgradation of their MIG 29 aircrafts. The contract is for a value of Rs 12.79 crore and is to be executed over a period of three years effective December 01, 2014,” Taneja Aerospace and Aviation said in a statement.
The company has given on clarification on the media report and news item captioned "Taneja Aerospace signs contract to upgrade MIG 29s’.
The stock opened at Rs 54 and hit a low of Rs 51.70 on BSE. At 1447 hours, around 228,000 shares changed hands and there are pending buy orders for 92,709 shares on BSE.