Elecon Engineering clarified on media report titled "The company is expected to get orders worth Rs 2 - 3 billion."

"The news report titled the 'company is expected to get orders worth Rs 2 - 3 billion' was with respect to Elecon EPC Projects and not in respect of Elecon Eng Co, which is a listed company. The company is expected to get orders worth 2 - 3 billion was made to just show that there are live enquiries worth Rs 2-3 billion, which may result into confirm orders and that too in subsidiary of Elecon Eng. Co. i.e. Elecon EPC Projects," the company said.

Shares of the company gained Rs 5, or 10.89%, to settle at Rs 50.90. The total volume of shares traded was 1,118,893 at the BSE (Tuesday).