CFF Fluid Control spurts on bagging contract worth Rs 23.44 crore
CFF Fluid Control is currently trading at Rs. 345.00, up by 7.35 points or 2.18% from its previous closing of Rs. 337.65 on the BSE.
The scrip opened at Rs. 343.95 and has touched a high and low of Rs. 345.00 and Rs. 335.45 respectively. So far 38400 shares were traded on the counter.
The BSE group 'MT' stock of face value Rs. 10 has touched a 52 week high of Rs. 360.00 on 08-Aug-2023 and a 52 week low of Rs. 165.00 on 16-Jun-2023.
Last one week high and low of the scrip stood at Rs. 360.00 and Rs. 294.00 respectively. The current market cap of the company is Rs. 658.22 crore.
CFF Fluid Control has received the contract from President of India, represented by CMDE (EE) Directorate of Electrical Engineering, Integrated Head Quarters, MOD (NAVY) for Annual Maintenance of TWA MCA 62.5 System of Indian Navy Submarines totaling to approximately Rs 23.44 crore (including tax). The said contract is expected to be executed for three Years till August 2026.
CFF Fluid Control is primarily in the business of manufacturing and servicing of shipboard machinery, critical component systems and test facilities for submarines & surface ships for The Indian Navy.
