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As On 17-Sep-2021 EOD, Market Closed
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  • ISGEC Heavy ends higher after bagging order from DRDO

    ISGEC Heavy Engineering surged 8.99% to end at Rs 795.05 after the company received an order for 25 Medical Oxygen Plants from the Defence Research & Development Organisation (DRDO), Ministry of Defence, Govt. of India.



    The scope of work includes manufacturing, supplying, installing, and commissioning.

    These plants have a capacity of 250 LPM (litre per minute) each and oxygen concentration of 93 (+/- 3%). The design for these oxygen plants has been developed by DRDO on the pressure swing adsorption (PSA) principle.

    This is the first order Isgec has received for medical oxygen plants from DRDO. The project aims to augment the medical oxygen infrastructure in India in order for the nation to be in a stronger position to fight the on-going COVID-19 pandemic.

    The announcement was made in the last hour of trade today, 14 September 2021.

    ISGEC Heavy Engineering is a diversified heavy engineering company engaged in manufacturing and project businesses with an extensive global presence.

    The company's consolidated net profit dropped 66.93% to Rs 13.63 crore on a 5.38% increase in net sales to Rs 1128.38 crore in Q1 FY22 over Q1 FY21.

    Back to news list
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Flash News 17-Sep-2021
  •  ( 15:38) Sensex, Nifty snap three day rising streak  
  •  ( 15:01) Dynamatic Technologies bags manufacturing contract from Boeing  
  •  ( 13:33) Euro stocks rally, outpace tepid global sentiment; UK retail sales fall M-o-M  
  •  ( 13:32) Indices yield small returns; The Nifty index trades below 17,650 mark  
  •  ( 12:55) IDFC board flags off divestment of mutual fund biz  
  •  ( 12:30) CRISIL Ratings upgrades credit ratings of NCL Industries  
  •  ( 12:25) Brightcom board OKs preferential allotment to Shankar Sharma  
  •  ( 11:56) ICRA upgrades credit ratings of KEI Industries  
  •  ( 11:27) Garment Mantra Lifestyle subsidiary sets up 11th retail store in Coimbatore  
  •  ( 11:08) Cosmo Films board OKs Rs 350-cr capex plan, first interim dividend for FY22  
  •  ( 10:49) Rajesh Exports wins an order worth Rs 691 cr from Germany  
  •  ( 10:09) TVS Motor Company Singapore arm buys stake in Swiss e-bike maker  
  •  ( 09:44) Poonawalla Fincorp MD Abhay Bhutada resigns  
  •  ( 09:28) Sensex, Nifty strike record high  
  •  ( 09:27) Balkrishna Industries starts trial production at Aurangabad facility  
  •  ( 09:23) Kotak Mahindra Group acquires vehicle financing portfolio of Volkswagen Finance  
  •  ( 09:15) Biocon announces strategic alliance with Serum Institute  
  •  ( 08:22) Asian stocks trading mixed  
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17 September 2021 00:00
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