Madhav Infra Projects jumps on getting LoI from GSECL
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Madhav Infra Projects is currently trading at Rs. 5.60, up by 0.16 points or 2.94% from its previous closing of Rs. 5.44 on the BSE.
The scrip opened at Rs. 5.71 and has touched a high and low of Rs. 5.71 and Rs. 5.55 respectively. So far 397150 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 1 has touched a 52 week high of Rs. 9.00 on 07-Aug-2020 and a 52 week low of Rs. 4.14 on 18-Nov-2020.
Last one week high and low of the scrip stood at Rs. 5.71 and Rs. 5.10 respectively. The current market cap of the company is Rs. 142.46 crore.
The promoters holding in the company stood at 72.65% and Non-Institutions held 27.35%.
Madhav Infra Projects has received Letter of Intent (LoI) from Gujarat State Electricity Corporation (GSECL) for Design, Engineering, Supply & Procurement, Construction and Operation & Maintenance of 20 MW of Solar PV Gried Connected Power Plant at Chhattar, Dist. Jamnagar, in Gujarat. The project cost is Rs 87.27 crore. Contract Period will be 15 months from notice to proceeds.
Madhav Infra Projects operates under Madhav Group which focused on Energy, Highways, Urban Infrastructure and Real Estate industries.
