Madhav Infra Projects soars on getting LOA worth Rs 117.91 crore
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Madhav Infra Projects is currently trading at Rs. 6.39, up by 0.30 points or 4.93% from its previous closing of Rs. 6.09 on the BSE.
The scrip opened at Rs. 6.39 and has touched a high and low of Rs. 6.39 and Rs. 6.09 respectively. So far 1972019 shares were traded on the counter.
The BSE group 'XT' stock of face value Rs. 1 has touched a 52 week high of Rs. 6.88 on 23-Jun-2023 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. 6.19 and Rs. 5.33 respectively. The current market cap of the company is Rs. 172.26 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 Letter of acceptance (LOA) worth Rs 117.91 core for ‘Design, Engineering, Procurement & Supply, Construction & Installation, Commissioning, Associated Transmission System and Operation & Maintenance of 15 MW (AC) Solar Photovoltaic Grid-Connected power plant’ from Oil and Natural Gas Corporation, Ankleshwar. The contract is to be executed in 12 months.
Madhav Infra Projects is engaged in development, construction as well as operation & maintenance of Infrastructure Projects.
