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News Details

( As on 18/11/2014 11:18)

Praj Industries gains over 5% on bourses

Shares of Praj Industries rose over 5 in early trade on Bombay Stock Exchange (BSE) after the company said it has bagged an order worth Rs 235 crore for oil & gas process skids from Brazilian oil &gas corporation Petrobras. In this project, Praj will provide detailed engineering, procurement, manufacturing of skids along with all related equipment. The weight of individual skids ranges from 50 to 150 tons or even some of the units will be large, multi-storied skids.

The shares of the company rose 5.29 per cent to Rs 75.65 a piece on National Stock Exchange.

In a similar fashion, shares of the company rose 5.08 per cent to Rs 40.30 a piece on National Stock Exchange.

Meanwhile, the broader benchmark Sensex was quoting at 28,223.27, up 45.39 points or 0.16 per cent at 11.05 hours.