KLG Systel Ltd, a technology player in power sector, has announced that it has received orders worth Rs 47 crore, which brings the overall value of the order book for Power System Solutions Division to Rs 148 crores.

In the meantime, the company has placed as the lowest bidder (L1) for an order valued at Rs 145 crore, to be awarded in June 2008 to power system solutions division.

KLG Systel drives growth and development of the Indian economy, by offering up solutions for IT enablement to organizations in different fields including Oil and Gas, Manufacturing, Retail, Infrastructure, Power, Process, and new economy industries comprising Information Technology, Telecommunications and the service sector.

At 2:30 pm, the shares of the company gained 2.3% at Rs 622.80 on the Bombay Stock Exchange (BSE).