GEI Industrial gains on orders worth Rs 104 crore

The turnkey orders are from the power sector

Shares of GEI Industrial Systems were up over 3% at Rs 84 after the company said it has secured turnkey orders worth Rs 104 crore from the power sector.

An order worth Rs 40 crore from Madhya Pradesh Paschim Kshetra Vidyut Vitran Co Ltd for construction of new 11KV line, LT Line, 25KVA 11/0.4 KV Distribution X-mer Station, the company said in a release to the Bombay Stock Exchange.

The company has also secured two orders worth Rs 64 crore for the O&M Circles of Mandsaur and Neemuch in Madhya Pradesh, recently, the release added.

Nearly 9,000 shares were traded on both the stock exchanges so far.