GEI Industrial Systems gets Rs 104-crore order from power sector

GEI Industrial Systems gets Rs 104-crore order from power sector

NEW DELHI: GEI Industrial Systems today said it has secured three orders totalling to Rs 104 crore from the power sector.

"The company secured contract worth Rs 40 crore from Madhya Pradesh Paschim Kshetra Vidyut Vitran for construction of new 11 KV line...for BPL customers," it said in a BSE filing.

"The company has also been awarded two similar contracts totalling Rs 64 crore," the filing said, adding that these two are also from Madhya Pradesh.

The scope of all the contracts include detailed design, manufacture, testing, engineering, documentation and site services, GEI Industrial Systems said.

GEI is a leading manufacturer of Air Cooled Vaccum Steam Condensers and Air Cooled Heat Exchanges.

Scrip of the company today settled at Rs 81 apiece at the BSE, down 0.31 per cent over the previous closing.