The order is towards manufacturing and supply of Head, Middle and Nozzle End segments (total 30 nos) for the GSLV M Klll launch vehicle. It is WlL's second-largest single order from ISRO and the largest as far as the GSLV-M Klll launch vehicle is concerned, the company said in a filing.
Receipt of this order is a significant milestone for the Aerospace business of WIL as it contributes to a strong order book in this strategic segment, the company said.
Walchandnagar Industries Ltd is currently trading at Rs67.30, up by Rs7.15 or 11.89% from its previous closing of Rs60.15 on the BSE.
The scrip opened at Rs63.75 and has touched a high and low of Rs68.40 and Rs63.45 respectively.