Mafatlal Industries Share Price: Shares of Mafatlal Industries on Wednesday zoomed 7 per cent as the company bagged an order worth Rs 114 crore from the Odisha Computer Application Centre to set up 500 robotics labs in the state.

Mafatlal Industries shares opened at Rs 119.80 on BSE and went on to make an intraday high of more than 10 per cent at Rs 132.95.

Mafatlal Industries shares finally settled at 123.10, up 6.90 per cent.

The counter gained after the company shares details about the latest order win.

The order will be executed over a period of five years, Mafatlal Industries said in a filing.

Mafatlal Industries will set up 500 robotic laboratories across 16 districts in Odisha under the School and Mass Education Department.

"As part of the five-year engagement, the company will establish state-of-the-art robotics labs and deliver training and education services to ensure effective implementation and strong learning outcomes," it said.

The Odisha Computer Application Centre (OCAC) is the designated technical directorate of the Electronics & Information Technology Department in Odisha.

This collaboration with the Odisha government marks one of the largest robotics education projects in India, and reinforces Mafatlal's commitment to advancing technology-enabled education and nurturing future innovators, the company said.

The mandate also strengthens the company's strategic focus on expanding its digital infrastructure segment, it added.