01-01-1970 12:00 AM | Source: IANS
Indo-National jumps as its arm bags Rs 113 crore order for modular interiors of `Vande Bharat` trains
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Indo-National is currently trading at Rs. 384.55, up by 42.90 points or 12.56% from its previous closing of Rs. 341.65 on the BSE.

The scrip opened at Rs. 345.00 and has touched a high and low of Rs. 396.40 and Rs. 328.60 respectively. So far 3727 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 558.40 on 28-Dec-2021 and a 52 week low of Rs. 290.15 on 21-Jun-2022.

Last one week high and low of the scrip stood at Rs. 396.40 and Rs. 328.60 respectively. The current market cap of the company is Rs. 295.50 crore.

The promoters holding in the company stood at 65.35%, while Non-Institutions held 34.65% stake in the company.

Indo-National’s subsidiary -- Kineco has bagged a Rs 113 crore order for supply and installation of modular interiors for Vande Bharat semi-high speed trains (originally called Train 18), from its esteemed customer, Integral Coach Factory, Chennai.

Earlier this year, Kineco was also awarded with the largest order of 68 Train Fronts of the same Vande Bharat Trains. These orders, together with its already strong order book will catapult Kineco to become one of India’s largest train interior supplier.

‘Vande Bharat’ Train is India’s first semi-high speed and is designed & manufactured under the Indian Government's Make in India initiative, by Integral Coach Factory (ICF), Perambur Chennai- the oldest and largest train manufacturing arm of the Indian Railways. This Train offers better energy efficiency and premium passenger comfort and travel experience.

Indo-National (formerly, Nippo Batteries Company) is a leading manufacturer of dry-cell batteries in India. The company also offers Flashlights (torches), LED lights, Mosquito bats and emergency power back-up products.