WPIL shares rise 7% on ₹426 crore contract win
after close1 source ↓written by the desknot a recommendation
- to a high
- 7%
- on 18 Nov
- ₹422.90
- contract from Matla
- ₹426 crore
- higher
- 5.79%
- on BSE
- ₹409.20
Shares of WPIL Ltd surged 7% to a high of ₹422.90 on 18 Nov after securing a ₹426 crore contract from Matla a Metsi Joint Venture. This contract involves electromechanical and instrumentation work for the Mokolo Crocodile Water Augmentation Project, aimed at enhancing water supply in the Waterberg region.
The contract's significance may boost investor sentiment, reflecting WPIL's growing capabilities in large-scale projects. At 2:15 PM, shares were trading 5.79% higher at ₹409.20 on BSE.
Not investment advice. For informational purposes only.