Bengaluru, May 30 -- specializing in the manufacturing and export of jute and jute-related products, jumped upto 5 percent upon receiving a work order for Rs. 1,153 crores from Salasar Techno Engineering Limited.

With a market capitalization of Rs. 689.43 crores on Friday, the shares of Gloster Limited jumped upto 5.2 percent, making a high of Rs. 645.00 per share compared to its previous closing price of Rs. 612.85 per share.

Gloster Limited's wholly owned subsidiary, Fort Gloster Industries Limited, has signed an agreement with Salasar Techno Engineering Limited for the supply of power cables, conductors, and other electrical components worth Rs. 835.71 crore, as well as installation services worth Rs. 317.44 crore and the total contr...