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    Blue Star climbs 6% on order from Mumbai Metro Rail

    The order is valued approximately at Rs 253 crore, which is subject to the definitive agreements to be executed between the company and MMRCL

    Moneycontrol News
    June 19, 2019 / 01:22 PM IST
    The Delhi Metro was shut down in late March when the nationwide lockdown was announced.

    The Delhi Metro was shut down in late March when the nationwide lockdown was announced.

     
     
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    Blue Star shares rallied 5.7 percent intraday on June 19 after receiving order from Mumbai Metro Rail.

    The air conditioners manufacturer informed exchanges that Mumbai Metro Rail Corporation (MMRCL) has issued a Letter of Intent dated June 18, 2019 to the company for design, manufacture, supply, installation, testing and commissioning of tunnel ventilation and air conditioning system.

    The order is valued approximately at Rs 253 crore, which is subject to the definitive agreements to be executed between the company and MMRCL, it said.

    At 1259 hours IST, it was quoting at Rs 786.95, up Rs 32.40, or 4.29 percent on the BSE.

    Moneycontrol News
    Tags: #Blue Star #Buzzing Stocks
    first published: Jun 19, 2019 01:22 pm

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