The scrip zoomed 8.69 per cent to settle at Rs 357.70 on BSE. Intra-day, it surged 15 per cent to Rs 378.65.
At NSE, shares of the company advanced by 10.72 per cent to end at Rs 361.85.
"The company has entered into a joint venture agreement with Jingke, a company incorporated under laws of People's Republic of China (PRC) for purpose of starting the business of manufacturing and marketing of GIS/HGIS/TGIS systems and products for 220kV and below and distribution products of 40.5 kV and below in India," the company said in BSE filing yesterday.
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