ISGEC up 6 per cent, emerges L-1 for power project

ISGEC Heavy Engineering Limited gained 6 per cent after the company was declared as the lowest bidder (L-1) for a thermal power project.

The company is engaged in the production of heavy engineering equipment and has bagged a 700-crore order as it emerged L-1 in the reverse auction for flue gas desulphurization (FGD) 3 units x 800 MW from NTPC- Kudgi Super Thermal Power Project.

On Wednesday, the stock hit an intraday high of Rs. 5,454 per share and an intraday low of Rs. 5,270 on the BSE. The 52-week high of the stock is recorded at Rs. 8,400 and 52-week low at Rs. 4,991 per share on the BSE.

At 12:51, the stock was trading at Rs. 5,300 per share, up by 2.70 per cent. S&P500 BSE Sensex was trading at 35,459.83 level, up by 0.23 per cent while the Nifty50 was trading up by 0.19 per cent at level 10,719.