Fedders Lloyd Corporation gains on bagging orders worth Rs 390 crore

15 Nov 2016 Evaluate

Fedders Lloyd Corporation is currently trading at Rs. 75.00, up by 0.25 points or 0.33% from its previous closing of Rs. 74.75 on the BSE.

The scrip opened at Rs. 77.50 and has touched a high and low of Rs. 77.65 and Rs. 74.75 respectively. So far 12,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 109.25 on 03-Dec-2015 and a 52 week low of Rs. 58.10 on 29-Feb-2016.

Last one week high and low of the scrip stood at Rs. 82.80 and Rs. 68.25 respectively. The current market cap of the company is Rs. 230.77 crore.

The promoters holding in the company stood at 47.00%, while Institutions and Non-Institutions held 0.16% and 52.84% respectively.

Fedders Lloyd Corporation’s Domestic Power Project Division has bagged prestigious orders aggregating to Rs 390 crore. The first order worth Rs 296 crore has been bagged from Chhattisgarh State Power Distribution Company under the Deen Dayal Upadhyay Gramin Jyoti Yojna (DDUGJY) for Design, Engineering, Supply, Erection, Testing and Commissioning of 33/11KV Substations, 33 KV bay extensions in various districts of Bilapsur and Durg.

The second order worth Rs 588.41 crore has been awarded to the JV under the name of GDCL-SIL-FLCL (JV) by Rail Vikas Nigam, wherein the portion of the work assigned to the company is Rs 94.00 crore for undertaking the Overhead Electrification and General Electricals work in Varanasi-Madhosingh-Allahabad (120 KM) in Varanasi Division of North Eastern Railway in Uttar Pradesh, India.

Fedders Lloyd Corporation provides customized solutions on a turnkey basis in the areas of infrastructure, involving manufacturing, engineering, designing of Steel Structures, Engineering and Procurement & Construction (EPC) for transmission of power, manufacture and supply of towers for wind turbines, and environment control systems for industrial and customized applications.


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