Shares of Technofab Engineering rose 9.5 percent intraday Tuesday as it has won orders from Power Grid and Ministry of Agriculture and Animal Resources.
The company received three orders from Power Grid Corporation of India worth of Rs 255 crore in the State of Tripura.
All three orders are in the industrial and rural electrification sector and the works related to 33/11 KV sub stations & associated lines. The orders have a timeline of 33 months for completion.
It has also received one order from the Ministry of Agriculture and Animal Resources, Kigali, Rwanda for construction contract for establishment of centre of excellence in farm mechanization for USD 12.29 million exclusive of taxes and duties in Rwanda.
The order has a timeline of 12 months for completion.
At 09:47 hrs Technofab Engineering was quoting at Rs 195.90, up Rs 12.05, or 6.55 percent on the BSE.
Posted by Rakesh Patil
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