Generic Engineering Construction shines on securing new work order worth Rs 41.37 crore
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Generic Engineering Construction & Projects is currently trading at Rs. 60.00, up by 5.05 points or 9.19% from its previous closing of Rs. 54.95 on the BSE.
The scrip opened at Rs. 54.95 and has touched a high and low of Rs. 62.90 and Rs. 53.30 respectively. So far 13278 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 71.65 on 03-Mar-2020 and a 52 week low of Rs. 39.00 on 19-Mar-2020.
Last one week high and low of the scrip stood at Rs. 62.90 and Rs. 53.30 respectively. The current market cap of the company is Rs. 252.84 crore.
The promoters holding in the company stood at 54.51%, while Institutions and Non-Institutions held 6.02% and 39.47% respectively.
Generic Engineering Construction has secured the new work order worth Rs 41.37 crore from existing reputed client. The project is for Civil works (Industrial & commercial Segment) from Reliance Life Sciences for material center and Corporate office worth Rs 41.37 crore (plus GST) in Navi Mumbai’s Rabale Location. With receipt of above, the total current outstanding order book stands at Rs 1,207.78 crore.
Generic Engineering Construction and Projects, formerly Welplace Portfolio & Financial Consultancy Services, is an India-based company, which is engaged in construction business.
