Job order lifts Bajaj Electricals 8%

NEW DELHI: Bajaj Electricals climbed nearly 8 per cent on Wednesday after the company informed stock exchanges that its engineering and project business unit bagged a power distribution job contract worth of $4.12 million.

The scrip closed the day 9.02 per cent up at Rs 487.10 on BSE.

In a filing to the BSE, Bajaj Electricals said the unit has bagged the order under Lusaka Transmission Distribution Rehabilitation Project (LTDRP), funded by the World Bank and the European Investment Bank.


With this order win, the company got entry into the African markets, Bajaj Electricals said.

The company had reported a 13.93 per cent YoY growth in net profit at Rs 18.98 crore for the September quarter. Sales for the quarter were down 6 per cent at Rs 932.02 crore.

On Wed, Feb 7, 2018 at 10:06 AM, Amit Mudgill <amitmudgill@gmail.com> wrote:
NEW DELHI: Shares of Bajaj Electricals climbed nearly 8 per cent in Wednesday's trading after the company announced informed the stock exchanges that its engineering & project business unit has bagged a power distribution project worth $4.12 million.

Shares of the consumer products, luminaires and EPC company rose 7.92 per cent to hit a high of Rs 482.20 on BSE.

In a filing to BSE, Bajaj Electricals said that the unit has bagged the order under Lusaka Transmission Distribution Rehabilitation Project (LTDRP), funded by World Bank & European Investment Bank.

With this order win, the company got entry in the African markets, Bajaj Electricals said.

The company had reported 13.93 per cent YoY rise in net profit at Rs 18.98 crore for the September quarter. Sales for the quarter was down 6 per cent at Rs 932.02 crore.