Olectra Greentech zooms on bagging Rs 30 crore orders for insulators
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Olectra Greentech is currently trading at Rs. 190.90, up by 4.75 points or 2.55% from its previous closing of Rs. 186.15 on the BSE.
The scrip opened at Rs. 184.05 and has touched a high and low of Rs. 192.00 and Rs. 184.05 respectively. So far 16670 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 4 has touched a 52 week high of Rs. 233.00 on 23-Mar-2021 and a 52 week low of Rs. 53.00 on 22-Oct-2020.
Last one week high and low of the scrip stood at Rs. 195.95 and Rs. 179.50 respectively. The current market cap of the company is Rs. 1560.77 crore.
The promoters holding in the company stood at 55.67%, while Institutions and Non-Institutions held 3.05% and 41.28% respectively.
The insulators division of Olectra Greentech has bagged orders worth Rs 30 crore which includes Rs.15 crore export orders. The domestic order worth approx Rs 15 crore was received from reputed Indian Power Transmission Company to supply composite long rod insulators of 765KV capacity.
The company has also bagged an export order worth approx. Rs 15 crore to supply 15 KV to 35 KV capacity insulators from US based e company. Both these domestic & export orders need to be delivered in this financial year.
Olectra Greentech (Formerly Goldstone Infratech) is the market leader in manufacturing of Silicon rubber polymer composite insulators in India.
