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Crompton Greaves spurts over 3% on bagging orders from PGCIL

By Religare

Shares of electrical product manufacturer Crompton Greaves rose over 3 per cent in early trade on Bombay Stock Exchange (BSE) after the company bagged orders worth over Rs 231 crore from Power Grid Corporation of India for supplying equipment.

CG has signed three contract, together valued at Rs 231.7 crore, for supplying equipment to state-run Power Grid's for its Thiruvelum, Kurnool, Raipur and Wardha sub-stations.

Buoyed by development, shares of company gained as much 3.68 per cent to trade at Rs 81.60 a piece on the BSE.


In a similar fashion, shares of the company were trading at 80.50 a piece, up 2.42 per cent on the National Stock Exchange (NSE).

Meanwhile, the broader benchmark Sensex was quoting at 18,737.80, up 184.96 points or 1.00 per cent at 9:40 hours.

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