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LEEL Electricals moves up on securing first program for supplying system to HAL

28 Sep 2018 Evaluate

LEEL Electricals is currently trading at Rs. 77.50, up by 0.70 points or 0.91% from its previous closing of Rs. 76.80 on the BSE.

The scrip opened at Rs. 80.00 and has touched a high and low of Rs. 80.80 and Rs. 76.40 respectively. So far 8053 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 327.25 on 16-Oct-2017 and a 52 week low of Rs. 72.10 on 26-Sep-2018.

Last one week high and low of the scrip stood at Rs. 84.05 and Rs. 72.10 respectively. The current market cap of the company is Rs. 309.75 crore.

The promoters holding in the company stood at 56.19%, while Institutions and Non-Institutions held 9.70% and 33.80% respectively.

LEEL Electricals has secured its first program for offering Design, Development, Manufacturing and Supply of Oil Cooling System including Heat Exchanger to Hindustan Aeronautics (HAL) for its Helicopter platform. With strong footprints in Rail, Metro and Defence (Land) HVAC Systems, this order is a step forward to enter into the aerospace sector for Engine Cooling and Air Conditioning.

Initially, the company has received order of Rs 7.30 crore which is more likely to result in follow up orders on the same programme. Furthermore, the company is uniquely positioned and only Indian Company to be technically qualified on this programme. This will also be replacing imported products in this sector.

LEEL Electricals (formerly known as Lloyd Electric and Engineering) is the largest producer of coils / heat exchangers (fin and tube type) in India, serving the entire spectrum of HVAC & R industry in the country as well as OEM’s in North America, Europe, Middle East and Australia.

LEEL Electricals Share Price

2.76 0.00 (0.00%)
09-Mar-2020 18:01 View Price Chart
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