Voltas receives orders for Mumbai Metro Line 3

Voltas has received an order for tunnel ventilation systems for the Mumbai Metro 3 project post winning the bid.

HVAC solutions include tunnel ventilation for metros and underground stations. Under this business segment, the company has received Letter of Award (LOA) from Mumbai Metro Rail Corporation Limited (MMRCL) for Environmental Control System (ECS) and Tunnel Ventilation System (TVS) works for Phase 2, Lot 2 Package of 8 out of total 27 stations, i.e. from Cuffe Parade to Grant Road station and tunnel upto Mumbai Central station. The total value of the packages being over Rs. 800 crore, are divided into 3 packages and Voltas has received LOA for 1 package with an approximate value of Rs. 233 crore. Being a long duration project, the revenues and profits from this project will be delivered at a slow pace.

Voltas Limited is an air conditioning and engineering solutions specialist offering engineering solutions for industry areas such as heating, ventilation and air conditioning, refrigeration, electro-mechanical projects, electrification, cold chain solutions, building management systems, etc.

On Thursday, the stock of the company closed at Rs. 630.75, an increase by 0.78 per cent or Rs. 4.90 per share. The 52-week high is Rs. 662.15 and 52-week low is Rs. 471 on BSE.