Elecon Engineering Company, a material handling equipments and transmission products manufacturer, jumped on Tuesday after its subsidiary, Elecom EPC projects has been awarded an order from NTPC worth Rs 2.47 billion.

The order is for Ex-works (India) for supply for coal handling plant package of Gadarwara super thermal power project, stage-I (2x800 MW).

Shares of the company are trading at Rs 25.40, up Rs 1.75, or 7.40% at the Bombay Stock Exchange (BSE) on Tuesday at 11:02 a.m.

The scrip has touched an intra-day high of Rs 25.85 and low of Rs 24.50. The total volume of shares traded at the BSE is 74,697.

In the earlier session, the shares declined 2.47%, or Rs 0.6, at Rs 23.65. Currently, the stock is trading down 34.45% from its 52-week high of Rs 38.75 and above 36.56% over the 52-week low of Rs 18.60.