India's Lloyds Engineering Works rises on order wins

Lloyds Engineering Works

01/10/2024 09:45

** Shares of construction company Lloyds Engineering Works
 LSIL.NS  rise as much as 2.8%, last up 1.8% at 82.55 rupees
    ** Company receives order worth 500 mln rupees ($6 mln) for
steel eco-pickling systems (metal treatment) and 93 mln rupees
for marine loading arms (mechanical pipe system)
    ** Stock inched up 0.6% in September after a 6.4% drop in
August
    ** Stock has doubled YTD vs ~88% rise in rival Kalpataru
Projects International  KAPT.NS 

($1 = 83.7850 Indian rupees)

 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com))