Bharat Wire Ropes soars over 5% after bagging order of Rs 37 crore

Shital Jibhe / 08 Jun 2017

Bharat Wire Ropes soars over 5% after bagging order of Rs 37 crore

Bharat Wire Ropes Limited is a specialty wire ropes manufacturing company. It is engaged in manufacturing of wires, wire ropes, slings and stranded wires which find its application in general engineering, cranes, elevators and power transmission among others.

Bharat Wire Ropes Limited is a specialty wire ropes manufacturing company. It is engaged in manufacturing of wires, wire ropes, slings and stranded wires which find its application in general engineering, cranes, elevators and power transmission among others. On Thursday, the company informed the stock market that it has booked approximately Rs 37 crore exports and domestic orders to be executed mainly from new facility set up at Chalisgaon, Maharashtra.

In January too, the company had bagged orders worth Rs 15 crore approximately for exports to various countries.
 
This news saw Bharat Wire Ropes go up by 5.1% at Rs 91.60 per share at 1106 hours IST on BSE. It touched a high of Rs 91.75 and a low of Rs 87.55 so far in the morning trading session.

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