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Last Updated : May 06, 2016 01:48 PM IST | Source: Moneycontrol.com

Marsons gains 10% on order win of Rs 60 mn

The company has bagged prestigious order worth Rs 60 million from a reputed NCR based EPC contractor for supply of large power transformers.

 
 
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Moneycontrol Bureau

Share prices of Marsons gained more than 10 percent intraday Friday as it has bagged a contract worth Rs 60 million.

The company has bagged prestigious order worth Rs 60 million from a reputed NCR based EPC contractor for supply of large power transformers.

"The company has consciously shifted its focus to picking up more orders from the private sector, as the favourable payment terms help the company maintain
a healthy and strong cash flow," as per company release.

The company's board meeting will be held on May 30, 2016, to consider and take on record, the Audited Financial Results of the Company for the nine months period ended March 31, 2016 (Financial year 2015-16).

At 13:39 hrs Marsons was quoting at Rs 10.75, up Rs 0.45, or 4.37 percent on the BSE.

Posted by Rakesh Patil

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First Published on May 6, 2016 01:44 pm
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