Tata Power’s arm gets order from IAF; stocks down

Tata Power Company’s Strategic Electronics Division has bagged order to modernise the Airfield Infrastructure of Indian Air Force by the Ministry of Defence.

MUMBAI: Tata Power Company’s Strategic Electronics Division has bagged order to modernise the Airfield Infrastructure of Indian Air Force (IAF) by the Ministry of Defence.

The program, known as Modernisation of Airfield Infrastructure - Phase I (MAFI-I), is of strategic importance and aims to improve capability of the airfields to handle the modern combat air fleet being inducted by IAF.

The stock was at Rs 1311.50, down 0.44 per cent on the BSE. It touched a high of Rs 1319 and low of Rs 1306.10 in trade so far.
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