Tata Power stock jumps 3 pc on bagging defence order

Shares of Tata Power today settled for the day with gains of nearly 3 per cent after the company won a Rs 200-crore order from Ministry of Defence.
Tata Power's Strategic Engineering Division (SED) has won a Rs 200 crore order from the Defence Ministry for supplying one regiment of command post and launcher of Pinaka multi rocket launch system.
Reacting to the development, the stock settled with a gain of 2.73 per cent at Rs 75.25. During the day it had surged 3.68 per cent to an intra-day high of Rs 75.95.
On NSE, the stock ended the day at Rs 75.25, up 2.87 per cent. Intra-day, it had touched a high of Rs 75.80.

The order won by Tata Power SED includes supply of 20 launchers and 8 command posts.
Pinaka Weapon System is one of the first 'Create in India' product designed and developed by Indian private industry in association with Armament Research and Development Establishment of the DRDO.