01-01-1970 12:00 AM | Source: IANS
Likhitha Infrastructure shines on bagging order from GAIL
News By Tags | #77 #309 #7723 #572

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

Likhitha Infrastructure is currently trading at Rs. 290.30, up by 11.00 points or 3.94% from its previous closing of Rs. 279.30 on the BSE.

The scrip opened at Rs. 279.60 and has touched a high and low of Rs. 292.20 and Rs. 277.00 respectively. So far 44858 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 315.70 on 12-May-2023 and a 52 week low of Rs. 132.80 on 22-Aug-2022.

Last one week high and low of the scrip stood at Rs. 294.00 and Rs. 264.00 respectively. The current market cap of the company is Rs. 1146.02 crore.

The promoters holding in the company stood at 70.03%, while Institutions and Non-Institutions held 0.24% and 29.73% respectively.

Likhitha Infrastructure has bagged order worth Rs 235.50 crore (Excl. of GST) from GAIL (India), on July 19, 2023. The company has secured order for pipeline laying and composite works for Phase-2, (Salem to Coimbatore Pipeline section of KKBMPL -II Project). The said order is to be executed within 15 months from the date of Fax of Acceptance/Letter of Intent.

Likhitha Infrastructure is engaged in the business of laying gas supply pipe lines and irrigation canals, building bridges over the canals and related maintenance works.