India's Harsha Engineers gains on bearing cage supply deal

Harsha Engineers International

06/12/2024 06:47

** Shares of Harsha Engineers International  HRSH.NS  rise
as much as 4.3% to 560 rupees, highest since Aug. 27
    ** Industrial machinery and equipment maker says entered
long-term agreement with a multinational bearing co for supply
of bearing cages used in cars, railways and planes
    ** Order value estimated at 6-10 mln euros ($6.4-$10.6 mln)
per annum; agreement for an initial period of 6 years
    ** Stock up 39% so far this year, eyes best yearly gain
since listing in 2022



($1 = 0.9456 euros)

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com))