Moneycontrol
Last Updated : Apr 17, 2018 11:13 AM IST | Source: Moneycontrol.com

Bajaj Electricals hits record high on Rs 3,578-crore of rural, urban electrification projects

The engineering & project business unit of the company has bagged orders for ten rural/urban electrification projects.

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Bajaj Electricals share price rallied 7.5 percent intraday to hit a fresh record high of Rs 665.85 on Tuesday on bagging of orders for rural/urban electrification projects in Uttar Pradesh.

The engineering & project business unit of the company has bagged orders for 10 rural/urban electrification projects.

The company said the order worth Rs 3,577.93 crore was from Madhyanchal Vidyut Vitran Nigam Limited under the Saubhagya Yojna of Government of India in Uttar Pradesh.

The scope of work includes work of rural/urban electrification and related work on turnkey basis under the Saubhagya Yojna of Government of India.

These projects will be completed within 15 months from the date of issue of letter of intent, the company said.

At 11:06 hrs Bajaj Electricals was quoting at Rs 657.75, up Rs 38.55, or 6.23 percent.
First Published on Apr 17, 2018 11:13 am
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