Thursday 5 September 2013

Kirloskar Electrics gains as its power transformers successfully connected to Angola grid

Kirloskar Electric is currently trading at Rs. 14.02, up by 0.29 points or 2.11% from its previous closing of Rs. 13.73 on the BSE.

The scrip opened at Rs. 14.85 and has touched a high and low of Rs. 14.85 and Rs. 14.01 respectively. So far 867 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 31.50 on 01-Oct-2012 and a 52 week low of Rs. 13.30 on 29-Aug-2013.

Last one week high and low of the scrip stood at Rs. 14.90 and Rs. 13.30 respectively. The current market cap of the company is Rs. 70 crore.

The promoters holding in the company stood at 49.34% while Institutions and Non-Institutions held 8.19% and 42.47% respectively.

Kirloskar Electric Company’s 182 MW power transformers have successfully connected to Angola 150kV grid. The Company supplied 10 No Power Transformers up to 150kV Class, 45 MVA Generator Transformers to Angola National Electricity Company.

These Transformers were placed in service connecting to the Angola National grid, further these Transformers contribute in stabilising Angola's electric system. People from Angola have appreciated Kirloskar Electric having partnered with them in meeting their objective and working in team right from inception.

Kirloskar Electric Company is the manufacture, sales and services of diverse range of electrical and electronic equipment such as AC Induction Motors, AC Generators, DG Sets, DC Machines & Traction Equipment, Transformers, Switchgears, Control Equipments and Systems etc., The projects and system division of the Company has specialized in executing system packages for large industries like steel, fertilizers, cement, sugar and other core sectors.

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