Elecon Engineering bags orders worth Rs 208 cr

Elecon Engineering Company today said it has bagged orders worth Rs 208.50 crore from various vendors, including GMR Infrastructure and Steel Authority of India (SAIL), for construction-related works.

The company has bagged an order worth Rs 94.80 crore from GMR Infrastructure for construction-related work on the coal-handling plant under the EMCO Energy Thermal Power Project in Maharashtra, Elecon Engineering said in a filing to the Bombay Stock Exchange (BSE).

In addition, a Rs 39.27 crore order was received from Zuberi Engineering Company, besides another Rs 30.39 crore project from Adhunik Power & Natural Resources, for supply of raw material to their coal-handling plants in Maharashtra and Jharkhand, respectively.

The company has also bagged a project worth Rs 8.99 crore from SAIL for supply of raw material to the ore-handling plant under the Bhailai Steel Plant. A similar Rs 35.05 crore order for supply of raw material was awarded by BGR Energy to Elecon for a coal-handling plant in Chhattisgarh, it said.

Shares of Elecon Engineering today closed at Rs 78.15 on the BSE, down 0.76 per cent from the previous close.