Brahmaputra Infrastructure jumps on getting LoA worth Rs 101.51 crore
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Brahmaputra Infrastructure is currently trading at Rs. 37.50, up by 2.25 points or 6.38% from its previous closing of Rs. 35.25 on the BSE.
The scrip opened at Rs. 33.00 and has touched a high and low of Rs. 38.75 and Rs. 32.35 respectively. So far 148458 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 38.75 on 19-Oct-2021 and a 52 week low of Rs. 9.44 on 24-Nov-2020.
Last one week high and low of the scrip stood at Rs. 38.75 and Rs. 29.00 respectively. The current market cap of the company is Rs. 105.34 crore.
The promoters holding in the company stood at 74.05%, while Institutions and Non-Institutions held 0.42% and 25.53% respectively.
Brahmaputra Infrastructure has received a Letter of Acceptance (LoA) from the office of General Manager, NFR- CONST HQ- Engineering Maligaon, Guwahati for the execution of the Contract for Protection of cutting and embankment by construction of RCC retaining wall, catch water drain, sub-surface drain, shot creting/providing concrete canvas, geo-jute textile turfing on slopes, finishing of blanketing materials etc. in between station Kawnpui & Sairang (30.00 km to 49.200 km) in connection with the construction of new BG Railway line from Bairabi to Sairang (Mizoram) Project for a total amount Rs 101.51 crore.
Brahmaputra Infrastructure has established itself as service provider of builder’s developers. The company also in the business segment of real estate division, heavy civil construction division.
