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Patels Airtemp gains on export order worth Rs 56 crore

The company has bagged export order for air cooled heat exchangers to Venezuela

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SI Reporter Mumbai
Shares of Patels Airtemp zoomed 14% at Rs 175 after the company said it has bagged export orders worth Rs 56 crore.

"Patels Airtemp (India) Limited, Ahmedabad has received an export order worth Rs 56 crore for air cooled heat exchangers, under International competition to supply to Venezuela (South America)," the company said in a release after market hours on Tuesday.

The stock opened at Rs 170 and touched a high of Rs 181 in intra-day deals. Over 125,000 shares have been traded on the Bombay Stock Exchange (NSE) and National Stock Exchange (NSE) so far.
 

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First Published: Dec 03 2014 | 10:55 AM IST

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