KSB wins 28 crore project from Bharat Pumps and Compressors

18 Oct 2022 , 09:42 AM

KSB Limited has bagged an approval for bid submitted under e-Auction for sale of technology – Intellectual Property Rights / Drawings of Bharat Pumps and Compressors Limited (BPCL), Naini, Prayagraj.

As per the filing, the Company is in process of accepting the said contract of sale of technology by BPCL, by paying the required security deposit.

The security deposit is to be paid within 7 days of approval of bid and the balance payment alongwith applicable taxes and duties to be paid within 21 days of approval of bid. On receipt of balance payment by BPCL, Delivery Order will be issued to the Company.

Total bid price is Rs28 crore plus applicable taxes and duties.

At around 9:43 AM, KSB Ltd is currently trading at Rs1,977.90 per share up by Rs16.2 or 0.83% from its previous closing of Rs1,961.70 per share on the BSE.

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