Fedders Lloyd Corp gains 4% on 2 orders worth Rs 390 cr

Moneycontrol BureauShares of Fedders Lloyd advanced 4 percent intraday Tuesday as its domestic power project division has bagged two orders worth Rs 390 crore.The company has bagged orders worth Rs 296 crore from Chhattisgarh State Power Distribution Company under the Deen Dayal Upadhyay Gramin Jyoti Yojna (DDUGJY) for design, engineering, supply, erection, testing and commissioning of 33/11 KV substations, 33 KV bay extensions in various district of Bilaspur and Durg.The another order worth Rs 588.41 crore awarded to the JV under the name of GDCL-SIL-FLCL by Rail Vikas Nigam, wherein company's share is Rs 94 crore.The order includes, the overhead electrification and general electricals work in Varanasi-Madhosingh-Allahabad in Varanasi division of North Eastern Railway in Utter Pradesh, India.At 09:41 hrs Fedders Lloyd was quoting at Rs 75.20, up Rs 0.45, or 0.60 percent on the BSE.Posted by Rakesh Patil