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TATA Power Rises 2% On Bagging Rs 1,200-Cr Contract From Defence Ministry; Here’s Top Gainers On Your Radar

न्यूज़ वर्ल्ड इंडिया | 0
2840
| March 22 , 2019 , 13:22 IST

Tata Power shares gained more than 2 percent on bagging air surveillance radars contract from the Ministry of Defence.

The stock was quoting at Rs 73.25, up Rs 1.25, or 1.74 percent on the BSE, at 11:32 hours IST.

Tata Power Strategic Engineering Division (Tata Power SED) signed a deal with the Ministry of Defence to supply 23 ship-borne 3D Air Surveillance Radars to the Indian Navy over the next 10 years.

The contract, estimated value is about Rs 1,200 crore, was signed under the Buy & Make (India) category of the Defence Procurement Procedure (DPP) 2013 that will be offering the Indian Navy a proven solution with a production arrangement in India under Transfer of Technology (ToT) and thereby furthering substantive self-reliance for India’s defence requirements, the company said.

TOP GAINERS

Company Name Change %

NTPC                      2.94

JSW Steel               2.14

Larsen                    2.10

Yes Bank                1.43

Titan Company        1.20

Tata Steel               1.19

Axis Bank                0.99

Eicher Motors          0.97

Indiabulls Hsg         0.87

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TOP LOSERS

Company Name      Change %

   HPCL                       2.94        

Coal India                   2.57

Bharti Infratel             2.25         

BPCL                          2.21           

HCL Tech                    1.45  

IOC                            1.32              

Reliance                      1.14   

IndusInd Bank             1.07        

Bajaj Finance               1.03          

TCS                             1.02             

Maruti Suzuki               1.00     

Tata Motors                  0.94