WPIL jumps 36% in 2 days on bagging Rs 851 crore order from MP Jal Nigam

During the financial year 2019-20 (FY20), the operations of the company were adversely affected by the poor environment in the infrastructure and capital goods sector

Share prices of WPIL jumped 13 per cent to Rs 675 on the BSE in intra-day trade on Thursday, advancing 36 per cent in two days, after the company received a letter of intent (LoI) from Madhya Pradesh Jal Nigam.

"WPIL has received a letter of intent from Madhya Pradesh Jal Nigam for two projects for an aggregate amount of Rs 851.31 crore to be executed over 30 months," the company said in a BSE filing on Wednesday.

At 02:45 pm, the stock was trading 7 per cent higher at Rs 641, as compared to a 1.2-per cent rise in