Elecon Engineering bags Rs 49.90 cr order from Sical Logistics

MUMBAI: Elecon Engineering Company today said it has bagged an order worth Rs 49.90 crore from Sical Logistics for material handling equipment.

The scope of the contract includes design, engineering and commissioning of material handling equipments for New Mangalore Iron Ore Terminal, Elecon Engineering Company said in a filing to the Bombay Stock Exchange (BSE).

Shares of the company were trading at Rs 80.55 on the BSE, up 3.20 per cent from previous close.

*** IVR Prime Urban raises Rs 63 cr from land sale * IVR Prime Urban Developers today said it has raised Rs 63 crore by selling land near Pune and Chennai.

The company has sold 87.52 acres of land near Loanavala and 28 acres of land near Chennai, IVR Prime Urban said in a filing to the Bombay Stock Exchange.

The company has infrastructure assets in water, highways, oil & gas and logistics apart from real estate projects, the filing added.