Monday, 11 September 2017

Generic Engineering bags order worth Rs 63 crore

The share of Generic Engineering Construction and Projects climbed by over 2% during Monday’s trading session after the company informed that it has bagged an order worth Rs 63 crore.

The company informed in the filing to the bourses on Monday that it has been awarded two projects from various reputed clients namely Golden Reality (Affordable Housing Project) and Aadi Properties LLP (Finishing work) of Rs 4,100 lakh and Rs 2,200 lakh, respectively.

Meanwhile, the stock was trading up by 2.62% at Rs 150 per share on BSE at 1131 hours. It opened at Rs 149.25 per share. The stock witnessed a spurt in volume by more than one times and also it hits fresh 52-week high at Rs 153 per share.

Generic Engineering Construction and Projects Limited, formerly Welplace Portfolio & Financial Consultancy Services Limited, is engaged in construction business. The company is engaged in the business of developers, builders, masonry and general construction contractors, estate agents, booking agents, erectors, repairers, constructors of buildings, houses, apartments, factories, hospitals and others..
 

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