Stock Market News: These 3 companies received large orders from abroad, the news will have an impact on the stock.
Suspense Crime, Digital Desk : The stock market is closed on Friday, June 26th. However, corporate announcements continue. Today, three companies in the infrastructure and engineering sector reported receiving new orders from various countries. Transrail Lighting received a new order from the international market in the transmission and distribution (T&D) business. Ashoka Buildcon received a Letter of Acceptance (LoA) for a four-lane highway construction project in Guyana. BEML, meanwhile, received an additional export order for the supply of heavy earthmoving equipment from the Middle East. The news is expected to impact stocks in the next session.
BEML receives additional export order from Middle East
BEML Limited has received an additional export order worth approximately US$5.35 million from the Middle East region for the supply of heavy earthmoving equipment for infrastructure development. The company informed that with this new order, the total order value under the relevant contract has increased from US$36.38 million to US$41.73 million. The company's total international order bookings have also increased to US$112.35 million.
Transrail Lighting bags international order worth ₹459 crore
Transrail Lighting informed that it has received new orders worth approximately ₹459 crore from its Transmission and Distribution (T&D) business in the international market. These include EPC projects mainly related to construction of transmission lines in the MENA region. The company said that this order has further strengthened its international order book. With this, the company's total order inflow in the current financial year has reached ₹1,034 crore. Apart from this, the company is also in L1 position (lowest bidder) in projects worth approximately ₹400 crore.
Ashoka Buildcon bags highway project in Guyana Ashoka Buildcon informed that it has received Letter of Acceptance (LoA) from the Central Housing and Planning Authority, Guyana for a four-lane highway construction project. The approved cost of the project is 7.46 billion Guyana dollars (GYD 7,455,455,867), or approximately US$35.42 million. The company is required to complete construction within 20 months.
