Alliance Integrated Metaliks jumps on bagging work order from Patel Infra
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Alliance Integrated Metaliks is currently trading at Rs. 32.35, up by 0.70 points or 2.21% from its previous closing of Rs. 31.65 on the BSE.
The scrip opened at Rs. 32.75 and has touched a high and low of Rs. 32.75 and Rs. 30.25 respectively. So far 13015 shares were traded on the counter.
The BSE group 'XT' stock of face value Rs. 1 has touched a 52 week high of Rs. 37.80 on 25-Apr-2022 and a 52 week low of Rs. 1.50 on 01-Jun-2021.
Last one week high and low of the scrip stood at Rs. 33.90 and Rs. 30.25 respectively. The current market cap of the company is Rs. 375.66 crore.
The promoters holding in the company stood at 71.35% and Non-Institutions held 28.65%.
Alliance Integrated Metaliks has received a work order from Patel Infra for the project named as ‘Delhi - Mumbai Expressway’ for the location Vadodara, Gujarat. The project envisages to construct Eight Lane access controlled expressway from a junction near Baletiya village of Panchmahal District to a junction near Pratap Nagar Village of Vadodara District.
This project comes under Bharatmala Pariyojana in the State of Gujarat. The Company scope of work includes fabrication, metalizing, painting, transportation and launching of steel truss and plate girders. This order has reinforced the credentials of the company as a leading player in the fabrication and erection segment.
Alliance Integrated Metaliks is engaged in the manufacturing of steel with its concentration in manufacturing specialty steel and alloy products catering primarily to automobile applications and also for Industrial, Engineering Applications to a limited extend.
