Shares of JSW Steel, HFCL and Engineers India gained today
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JSW Steel
Shares of JSW Steel rose nearly two per cent in early trade today. The company has been selected as the preferred bidder for two iron ore blocks in Goa. The VI- Cudnem-Cormolem Mineral Block in North Goa has estimated reserves of 9.77 MMT and the IX-Surla-Sonshi Mineral Block has 65.73 MMT of iron ore reserves. The Corporation has offered 96.65% of the value of mineral dispatch from Block VI and 109.80% from Block IX.
HFCL
HFCL has bagged an order worth Rs 80.92 crore from Delhi Metro Rail Corporation. The company has got the job of installing Fiber Optics Transmission System (FOTS) on three important lines of Phase-IV of Delhi Metro. This work is to be completed in 156 weeks from the date of notification. After this, the corporation will have to provide 104 weeks of warranty support.
Engineers India
Engineers India has bagged an order worth Rs 472 crore from ONGC. After this, today the company’s shares have gained two percent in the early trade. Engineers India has been awarded the job of replacing the CSU off-gas compressor and regeneration gas compressor as well as installing the CBD vessel at the Uran plant. The value of this project will be around Rs 472 crore and it may take about 40 months to complete the project.
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