InterGlobe Aviation rose 1.13% to Rs 1658.90 at 11:23 IST on BSE after the company announced that it has ordered CFM International LEAP-1A engines to power 280 Airbus A320neo and A321neo aircraft.
The announcement was made after market hours yesterday, 17 June 2019.Meanwhile, S&P BSE Sensex was up 136.37 points or 0.35% at 39,097.16.
On BSE, 24,000 shares were traded in InterGlobe Aviation counter, compared to a 2-week average of 46,000 shares. The share price hit an intraday high of Rs 1673.60 and an intraday low of Rs 1649.40. It hit a 52-week high of Rs 1716 on 28 May 2019 and a 52-week low of Rs 697 on 9 October 2018.
The contract, which includes spare engines and an overhaul support agreement, is valued at more than $20 billion at list price. To support its new LEAP-1A fleet, IndiGo also signed a long-term service agreement. Delivery of the first LEAP-1A-powered A320neo is scheduled in 2020.
IndiGo has been a CFM customer since 2016 and currently operates a fleet of 17 A320ceo aircraft powered by CFM56-5B engines as part of a total fleet of 215 A320/A321 family aircraft.
InterGlobe Aviation's net profit rose 401.2% to Rs 589.59 crore on a 35.9% rise in net sales to Rs 7,883.27 crore in Q4 March 2019 over Q4 March 2018.
InterGlobe Aviation is a low-cost air carrier. With its fleet of over 230 aircraft, the airline offers around 1400 daily flights 54 domestic destinations and 19 international destinations.
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