Shares of WPIL Ltd jumped 7% to hit a day’s excessive of Rs 422.90 on 18th November after the agency introduced it has obtained a Rs 426-crore contract from Matla a Metsi Joint Enterprise, to be commissioned inside 4 years.
WPIL has secured the contract to deal with all electromechanical and instrumentation work for Section 2 of the Mokolo Crocodile Water Augmentation Undertaking. This undertaking will channel water from the Mokolo dam to the Waterberg area. It goals to satisfy the wants of native water stations and the Lephalale municipality.
Earlier this 12 months, WPIL’s European arm, Gruppo Aturia, acquired Italian agency MISA SRL. MISA SRL is a number one participant in giant pumping station tasks and hydro generators. This acquisition strengthens Gruppo Aturia’s place in Europe. Moreover, it expands its potential to ship full turnkey pumping options.
At 2:15 PM, shares of WPIL Ltd have been buying and selling 5.79% greater at Rs 409.20 on BSE.
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