Apar Industries bags contract worth Rs 130 cr

MUMBAI: Apar Industries rose over 4% on receiving a contract worth Rs 130 crore from Adani Power for manufacture and supply of ACSR conductors.

At 02.55 PM, the share gained 4.01% to Rs 228. Intra-day, the share has seen a high of Rs 235 and low of Rs 217.15 with volume traded at 41722 against two-week average of 12,417 shares.

These conductors would be used for Adani's project of 400 KV D/C Mundra-Dehgam transmission line.

This will further strengthen the robust order book position of the company’s conductor division. It is the second largest producer of conductors in India with about 23% market share.