Spanco signs Rs.7000cr deal for power distribution

MUMBAI (makemystocks): Spanco Ltd today informed that the company has signed a distribution franchise deal worth Rs.7000 crore.

The company stocks jumped 15.53% in the morning trades to hit Rs 200.50 after the announcement during trading hours today.

The company said it has got a distribution franchise from Maharashtra State Electricity Distribution Co spread over 15 years for the Nagpur urban circle.