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Patel Engineering shares spike 10% on winning Rs 1,251-crore order

Patel Engineering bagged a civil work order for 500 MW Teesta-VI hydropower project in Sikkim

September 27, 2021 / 02:38 PM IST
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Patel Engineering Company share price surged 10 percent intraday on September 27 after the firm said it got an order worth Rs 1,251 crore.

The company bagged a  work order for 500 MW Teesta-VI hydropower project in Sikkim from Lanco Teesta Hydro Power Ltd, an arm of the state-run NHPC, the civil construction company said in a statement on September 27.

The project is located in the South Sikkim District of the northeastern state.

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The stock was trading at Rs 18.15, up Rs 1.65, or 10 percent. It touched an intraday high of Rs 18.80 and an intraday low of Rs 16.40.

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The scrip was trading with volumes of 869,064 shares, compared to its five-day average of 229,138 shares, an increase of 279.28 percent.
Moneycontrol News
first published: Sep 27, 2021 02:38 pm

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