Orient Electric completes sale of land parcels; shares inch up

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Orient Electric Ltd.’s shares rose by 0.60 per cent after the company announced the completion of the sale of land parcels totalling 23 acres in Hyderabad, Telangana, for a consideration of ₹35 crores.

The sale transaction, which took place on July 25, involved land located in Dusakal Village Secretariat and Mekaguda Gram Panchyat.

The shares went up by 0.69 per cent to ₹232 at 2:26 p.m. on BSE.