Shares of Ellenbarrie Industrial Gases rallied 5.10% to Rs 377.35 on Tuesday after the company secured a Rs 481-crore contract from Bharat Heavy Electricals Ltd (BHEL) to build a 1,200 TPD cryogenic Air Separation Unit (ASU).
The turnkey contract covers the design, engineering, supply, erection, testing, commissioning, operator training and handover of the unit for BHEL’s 2,000 TPD Coal to Ammonium Nitrate Project.
