Reliance Industries extened gains in afternoon trade, up 1.35 percent. However, Infosys fell 0.6 percent after Vishal Sikka, MD & CEO says he sees some challenges in BFSI, but won’t have any negative impact overall. He expects Q2 to be better than Q1.
Power equipment maker Transformers and Rectifiers said it has bagged order worth Rs 103 crore from Power Grid Corporation of India Ltd to supply power transformers. “Transformers and Rectifiers (India) Ltd has been awarded the order for…power transformers up to 220 kV class amounting to Rs 103 crore from Power Grid Corporation of India Ltd (PGCIL),” the company said in a filing to BSE.
The said order falls under the normal course of business, it said. The company neither has any interest in the entity that awarded the order nor fall within related party transactions, it added. With this order, the company’s order book as on date stands at Rs 960 crore, it said.
The Sensex was up 28.24 points at 28400.47 and the Nifty up 8.35 points at 8734.95 while the market breadth remained positive as about 1417 shares advanced against 1192 declining shares on the BSE.