Walchandnagar Industries shines on getting into contract with VSSC for PSLV software

Walchandnagar Industries shines on getting into contract with VSSC for PSLV software

by admin- Wednesday, January 23rd, 2019 04:39:54 PM

Walchandnagar Industries is presently buying and selling at Rs. Ninety nine.Eighty five, up by 4.55 points or 4.77% from its preceding final of Rs. Ninety five.30 at the BSE.

The scrip opened at Rs. One zero one.75 and has touched a excessive and low of Rs. 103.Eighty and Rs. Ninety nine.85 respectively. So some distance 85177 shares have been traded on the counter.

The BSE institution ‘B’ stock of face cost Rs. 2 has touched a fifty two week excessive of Rs. 224.30 on 23-Jan-2018 and a 52 week low of Rs. 82.00 on eleven-Dec-2018.

Last one week high and occasional of the scrip stood at Rs. 103.80 and Rs. 94.25 respectively. The current market cap of the organisation is Rs. 362.81 crore.

The promoters retaining inside the organisation stood at fifty five.00%, while Institutions and Non-Institutions held four.11% and forty.89% respectively.

Walchandnagar Industries and Indian Space Research Organization’s Vikram Sarabhai Space Centre (VSSC) have entered right into a agreement. As in step with the contract, Walchandnagar Industries will manufacture and supply ‘S -139 End Segments’ for the Polar Satellite Launch Vehicle (PSLV) software.

The settlement value is Rs ninety six crore plus escalation and is in all likelihood to be executed over a period of 3 years. This is the company’s maximum ever unmarried order acquired from VSSC and is seen as a primary raise for the employer’s Aerospace enterprise.

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