Crompton Greaves spurts nearly 3% on bagging new order

Shares of electrical equipment maker Crompton Greaves rose nearly 3 per cent in early trade on Bombay Stock Exchange (BSE) after the company won a 3.5 million euros (around Rs 27.3 crore) contract for supply and commissioning of a wind farm substation in France.

The company, a part of the Avantha Group, will supply two 45 MVA step-up power transformers, medium voltage and high voltage insulated switchgear substation automation systems and ancillaries.

Buoyed by development, shares of company gained as much as 2.87 per cent to trade at Rs 91.10 a piece on the BSE.

In a similar fashion, shares of the company rose 1.87 per cent to Rs 89.90 a piece on National Stock Exchange.

Meanwhile, the broader benchmark Sensex was quoting at 19,540.86, up 130.02 points or 0.67 per cent at 10:12 hours.

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Story first published: Friday, July 5, 2013, 12:50 [IST]
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