Alstom T&D has moved up nearly 2% on the National Stock Exchange (NSE) at Rs 181.3, after the company announced that it has entered into an agreement for sale for its land in Bengaluru for Rs 120 crore.
“The sale is subject to the mutual satisfaction of terms, conditions and obligations mentioned in the ‘Agreement for Sale’; and is likely to be concluded upon execution of a ‘Sale Deed’ in three months’ time or earlier,” the company said in a statement on Monday, post market hours.
Meanwhile, the company recently bagged two contracts worth Rs 151 crore from Gujarat Energy Transmission Company. The contracts are for supplying 400 KV, 220KV and 66KV AIS substations on turn-key basis to evacuate power from the solar parks in Charanka and Sankhari, which are being set up in the state.
The stock opened at Rs 183 levels and has seen 21,757 shares change hands on both the exchanges in morning deals.
