Artson Engineering bags Rs42.76 crore order from Kutch Copper; Stock soars ~5%

10 Oct 2022 , 09:17 AM

Artson Engineering Limited stocks in focus today as the company has received purchase order for Rs42.76 crore (Rupees Forty-Two Crores Seventy-Six Lakhs Only) excluding taxes.

In a regulatory filing, the company informed that it has receivevd the order from Kutch Copper Limited (100% subsidiary Adani Enterprises Limited). The time period by which the order is to be executed is 11 months.

Further, the order is for Manufacture & Supply of 10 Nos. Gas to Gas Heat Exchangers and caters to domestic market, it added.

At around 9:17 AM, Artson Engineering Ltd is currently trading at Rs95.10 per share up by Rs4.5 or 4.97% from its previous closing of Rs90.60 per share on the BSE.

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