By Oliver Haill
Date: Tuesday 01 Jul 2014
LONDON (ShareCast) - Shares in Cyan, the developer of smart utility meters and lighting controls, have sparkled after its technology received a major contract boost in India.
A consortium that will employ Cyan's CyLec advanced metering infrastructure (AMI) solution has been selected by Tata Power Mumbai for a sizeable deployment in the subcontinent.
The initial contract is for the deployment of 5,000 consumer meters in a district in Mumbai set to go live in early 2015. Tata has approximately 400,000 retail customers in Mumbai.
Cyan has received an order from the consortium's leader, engineer Larsen & Toubro, to provide a complete AMI solution that will include onsite software installation services and an annual software maintenance.
Cyan's shares were 27.12% higher to 0.38p at 11:00 on Tuesday.
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Currency | UK Pounds |
Share Price | 8.30p |
Change Today | 0.000p |
% Change | 0.00 % |
52 Week High | 19.00 |
52 Week Low | 7.65 |
Volume | 293,881 |
Shares Issued | 298.72m |
Market Cap | £24.79m |
RiskGrade | 350 |
Value |
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Price Trend |
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Income |
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Growth |
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No dividends found |
Time | Volume / Share Price |
16:02 | 128 @ 8.20p |
15:45 | 50,862 @ 8.33p |
15:43 | 83,974 @ 8.33p |
13:12 | 23,505 @ 8.26p |
13:09 | 23,903 @ 8.26p |
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