Madhav Infra Projects jumps on getting LOA from Western Railway
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Madhav Infra Projects is currently trading at Rs. 4.28, up by 0.30 points or 7.54% from its previous closing of Rs. 3.98 on the BSE.
The scrip opened at Rs. 4.12 and has touched a high and low of Rs. 4.43 and Rs. 4.12 respectively. So far 280638 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 1 has touched a 52 week high of Rs. 6.83 on 09-Dec-2022 and a 52 week low of Rs. 3.55 on 16-May-2023.
Last one week high and low of the scrip stood at Rs. 4.43 and Rs. 3.55 respectively. The current market cap of the company is Rs. 114.84 crore.
The promoters holding in the company stood at 69.00% while Non-Institutions held 31.00% stake in the company.
Madhav Infra Projects has received of Letter of acceptance (LOA) for Earthwork in a bank, cutting in all kinds of soil / soft rock / hard rock and blanketing for formation, Yards, trolley refugees & bridge approaches, etc. and construction of Minor Bridges, RUBs, Side drains, Toe Walls, Retaining Walls and protection works, etc. from Km 89/000 to 101/280 between Dekakund to Tanda Road stations of Alirajpur - Tanda road section in connection with Construction of New BG line between Chhotaudepur Dhar, from WESTERN RAILWAY through Dy. Chief Engineer (Construction) Ill, Vadodara (the Authority). The total cost of the work at the accepted rate works out to Rs 91.07 crore.
Madhav Infra Projects is engaged in development, construction as well as operation & maintenance of Infrastructure Projects.
