Centum Electronics has bagged a new order worth Rs 710 million from Government of India Enterprise for the supply of a mission critical product.

The delivery of this product will be as per schedule given by the customer and is likely to be completed by 3rd quarter of 2015-16.

The customer also has an option to repeat the order at same terms and conditions after completion of 2/3 of order value but before the completion of the full order.

Shares of the company declined Rs 11.65, or 2.83%, to settle at Rs 400. The total volume of shares traded was 9,192 at the BSE (Tuesday).