Isgec Heavy Engineering surges on bagging order worth Rs 500 crore
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ISGEC Heavy Engineering is currently trading at Rs. 491.10, up by 15.30 points or 3.22% from its previous closing of Rs. 475.80 on the BSE.
The scrip opened at Rs. 493.95 and has touched a high and low of Rs. 498.90 and Rs. 488.45 respectively. So far 10019 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 669.95 on 09-Feb-2022 and a 52 week low of Rs. 426.20 on 16-Jun-2022.
Last one week high and low of the scrip stood at Rs. 498.90 and Rs. 448.00 respectively. The current market cap of the company is Rs. 3605.89 crore.
The promoters holding in the company stood at 62.43%, while Institutions and Non-Institutions held 9.96% and 27.60% respectively.
Isgec Heavy Engineering has bagged an order with worth Rs 500 crore. The order is for Oil and Gas Fired Boilers for refinery project in Haryana. This order is testimony to the company being a prominent supplier of Techno economical solutions and reinforces its support to government of India initiative of 'Make in India'.
Earlier, the company had received an order for 500 KLPD ethanol plant on syrup, and 100 KLPD ethanol/Extra Neutral Alcohol (ENA) plant on grain on turnkey basis from Panchganga Sugar and Power, Maharashtra.
Isgec Heavy Engineering is a multi-product, multi-location public company that has been providing engineering solutions to customers around the world for the past many years.
