ISGEC Heavy up over 6.5%

ISGEC Heavy Engineering is in the green today morning, rising over 6.5% to hit an intraday high at Rs.329.50. Its 20% UC for today is at Rs.371.15.

The stock price rose on news that it has secured a new order from KPR Sugar & Apparels to set up a 10,000 TCD Sulphurless Sugar Plant, 40 MW CoGeneration Plant, 60 TPH Incineration Boiler and 7.5 MW Power Plant for Zero Liquid Discharge system for client’s distillery plant on EPC basis.

The order is valued at Rs. 431 crore.

This heavy engineering company is 87-years old, engaged in manufacturing and project businesses with an extensive global presence.