ISGEC Heavy Engineering said the value of the expected order is about Rs 700 crore.
Moneycontrol News
Shares of ISGEC Heavy Engineering gained 5.7 percent intraday Wednesday after bagging order for desulphurization units in reverse auction.
The company said it has emerged L-1 in reverse auction in order for flue gas desulphurization (FGD) 3 units x 800 MW from NTPC - Kudgi Super Thermal Power Project .
The value of the expected order is about Rs 700 crore, it added.
The share touched its 52-week high Rs 8,400.00 and 52-week low Rs 4,991.10 on 15 January, 2018 and 28 June, 2018, respectively.
Currently, it is trading 36.54 percent below its 52-week high and 6.8 percent above its 52-week low.
At 09:56 hours IST, the stock price was quoting at Rs 5,330.65, up Rs 169.80, or 3.29 percent.