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Sangam Advisors soars 4% on orders from MAHAGENCO

Sangam Advisors soars 4% on orders from MAHAGENCO

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Shares of Sangam Advisors added 4.5 percent intraday Wednesday as it has received letter of award from Maharashtra State Power Generation Company.

The company has been awarded two letter of award by Maharashtra State Power Generation Company (MAHAGENCO) for design, engineering, manufacture, supply, erection, testing and commissioning 2MV grid interactive solar plant.

The two plants situated at Ralegan-Siddhi, Ahmednagar, Maharashtra and at Manjarda, Yavatmal, Maharashtra on build own & operate (BOO) basis.

It includes operations and maintenance of the project for 25 years from the date of commissioning of the project.

The said projects to be commissioned within 3 months from the date of handing over the land for respective projects.

At 13:03 hrs Sangam Advisors was quoting at Rs 30.50, up Rs 0.90, or 3.04 percent on the BSE.

Source: moneycontrol
Anand Gupta Editor - EQ Int'l Media Network

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