Artson Engineering rises 2% after signing Rs55cr contract with Tata Projects

The cost of the project excluding GST is Rs54.91cr, according to the company.

Feb 02, 2021 11:02 IST India Infoline News Service

Artson Engineering stocks gained over 2% and were trading at Rs32.75 apiece on the BSE on 11:37 am, after company announced signing of a contract with Tata Projects Limited (TPL).

The company said that the contract has been signed for the manufacture and supply of C 276 cladded plates for TPL's NTPC projects, including the orders Artson received earlier.

Time period within which the order has to be fullfiled is 8 months, the company informed.

The cost of consideration for the contract stands for Rs54.91cr excluding GST.

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