Fedders Lloyd Corporation said on Monday that the company has bagged project worth Rs 2.40 billion from Uttarakhand Power Corporation (A Govt. of Uttrarakhand Undertaking).
The company received order for the works of system improvement, strengthening and augmentation of distribution system to bring down AT&C Losses, establish SCADA compatibility and improve quality of consumer supply in Dehradun town to be carried out under R-APDRP Part-B scheme on turkey basis including supply of material as per tender specification No CCP-II/I/R-APDRP-B/2013-14'.
The aforesaid project is 100% financed by GoI loan and loan from financial institutes such as Power Finance Corporation (PFC)/ Rural Electrification Corporation (REC).
Shares of the company gained Rs 0.7, or 2.17%, to trade at Rs 33. The total volume of shares traded was 27,243 at the BSE (2.31 p.m., Monday).