Shares of Alfa Transformers jumped 5% to hit a new 52-week high of ₹78.20 on Monday morning.
What Happened: The company on last Saturday announced bagging an order from Tata Power Southern Odisha Distribution Limited. TP Southern Odisha Distribution Limited is a joint venture between Tata Power and the Government of Odisha, with the majority stake being held by Tata Power Company (51%).
The order is for the design, manufacturing and supply of 7-11 KV 500KVA Line Voltage Regulator Transformers. The order is worth around ₹1.60 crore and is expected to be completed within three months of the receipt of the word order.
The company last week had bagged another order from the Tata Group company. The order was worth around ₹2 crore and was awarded by the Tata Power Northen Odisha Distribution Limited. The stock has had a great year at the bourses. In the last year, the stock has surged up over 500%.
Price Action: Shares of the company were locked in 5% upper circuit at ₹78.20 on Monday morning.
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