Triveni Engineering sign JV with GE Oil & Gas; stk gains

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Triveni Engineering sign JV with GE Oil & Gas; stk gains

Triveni Engineering touched an intraday high of Rs 134.40 and an intraday low of Rs 131.05. At 12:07 hrs the share was quoting at Rs 132.35, up Rs 2.55, or 1.96%. Triveni Engineering has signed a JV with GE Oil & Gas through its affiliate GE Pacific Mauritius Ltd.

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Triveni Engineering touched an intraday high of Rs 134.40 and an intraday low of Rs 131.05. At 12:07 hrs the share was quoting at Rs 132.35, up Rs 2.55, or 1.96%.

Triveni Engineering has signed a JV with GE Oil & Gas through its affiliate GE Pacific Mauritius Ltd. The JV is for design, manufacture, supply, sell & service advanced technology steam turbines above 30 to 100 MW.

Triveni Engineering will hold one extra share in the JV. The transaction is expected to close in the next few months.
 
It was trading with volumes of 161,233 shares. One Tuesday the share closed down 1.70% or Rs 2.25 at Rs 129.80.