Elecon Engineering bag orders worth Rs 208 cr

MUMBAI: Elecon Engineering Company today said it has bagged orders worth Rs 208.50 crore from various vendors, including GMR Infrastructure and Steel Authority of India (SAIL), for construction-related works.

The company has bagged an order worth Rs 94.80 crore from GMR Infrastructure for construction-related work on the coal-handling plant under the EMCO Energy Thermal Power Project in Maharashtra, Elecon Engineering said in a filing to the Bombay Stock Exchange.

In addition, a Rs 39.27 crore order was received from Zuberi Engineering Company, besides another Rs 30.39 crore project from Adhunik Power & Natural Resources, for supply of raw material to their coal-handling plants in Maharashtra and Jharkhand, respectively.

The company has also bagged a project worth Rs 8.99 crore from SAIL for supply of raw material to the ore-handling plant under the Bhailai Steel Plant. A similar Rs 35.05 crore order for supply of raw material was awarded by BGR Energy to Elecon for a coal-handling plant in Chhattisgarh, it said.

Shares of Elecon Engineering today closed at Rs 78.15 on the BSE, down 0.76 per cent from the previous close.