Fedders Lloyd gains on new orders worth Rs 107 crore

The orders are for two power projects from Odisha Power Transmission Corporation Limited

Fedders Lloyd Corporation has gained around 6% to Rs 75.10 on receiving orders worth Rs 106.99 crore from Odisha Power Transmission Corporation Limited for two power projects.
 
The orders are for design, engineering, supply, erection, testing and commissioning of  2X20 MVA, 132/33 KV Sub stations and associated transmission lines on turnkey basis, in various districts of Odisha in Joint-Venture with Jagbankdhu Enterprise Private Limited.
 
The stock opened at RS 76.55 and has hit a high of Rs 78.60 while around 5.5 lac shares have changed hands in BSE and NSE combined.