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Sep 20, 2016 10:35 AM IST | Source: Moneycontrol.com

Lloyd Electric gains 3% on order win from GE Transportation

GE Transportation has signed a contract with the company to supply custom designed air-conditioning units for the Indian Railways Marhowra Locomotive project, manufactured in company's factory in Bhiwadi, Rajasthan over a period of 11 years.

 
 
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Shares of Lloyd Electric and Engineering added 3.2 percent intraday Tuesday as it has bagged order worth USD 18 million from GE Transportation.

GE Transportation has signed a contract with the company to supply custom designed air-conditioning units for the Indian Railways Marhowra Locomotive project, manufactured in company's factory in Bhiwadi, Rajasthan over a period of 11 years.

"This project is a significant win for Lloyd Electric & Engineering and builds on existing business between GE Transportation and Noske-Kaeser Rail & Vehicle New Zealand," as per company release.

At 09:38 hrs Lloyd Electric and Engineering was quoting at Rs 278.10, up Rs 4.40, or 1.61 percent on the BSE.

Posted by Rakesh Patil
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