Bajaj Electricals rises on bagging order worth Rs 88.59 crore

17 Jul 2015

Bajaj Electricals is currently trading at Rs 285.00, up by 3.40 points or 1.21% from its previous closing of Rs. 281.60 on the BSE.

The scrip opened at Rs. 282.15 and has touched a high and low of Rs. 288.70 and Rs. 281.00 respectively. So far 31370 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 349.00 on 22-Jul-2014 and a 52 week low of Rs. 191.00 on 01-Dec-2014.

Last one week high and low of the scrip stood at Rs. 300.00 and Rs. 277.05 respectively. The current market cap of the company is Rs. 2877.23 crore.

The promoters holding in the company stood at 63.03 % while Institutions and Non-Institutions held 19.03 % and 17.95 % respectively.

Bajaj Electricals’ Engineering & Project Business Unit has bagged an order worth Rs 88.59 crore from Karnataka Power Transmission Corporation (KPTCL).The scope of work includes establishment of 2x100MVA 220/66KV and 1x12.5MVA 66/11KV substation at Mittemari in Chikkaballapur District along with construction of 3 Nos of 220KV terminal bays and one no of 66KV terminal bays and associated 220KV and 66KV lines including supply of all materials (except 11KV switchgear), erection including civil works, testing and commissioning.

Bajaj Electricals, part of the Rs 20,000 crore Bajaj Group, is engaged in business appliances, fans, lighting, luminaries and engineering and projects.

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Puchho Befikar
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