Madhav Infra Projects touches roof on receiving LOA for construction of railway over bridge in Gwalior
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Madhav Infra Projects is currently trading at upper limit of Rs. 6.00, up by 0.11 points or 1.87% from its previous closing of Rs. 5.89 on the BSE.
The scrip opened at Rs. 5.89 and has touched a high and low of Rs. 6.00 and Rs. 5.89 respectively. So far 713385 shares were traded on the counter.
The BSE group 'XT' stock of face value Rs. 1 has touched a 52 week high of Rs. 7.03 on 08-Aug-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. 6.25 and Rs. 5.89 respectively. The current market cap of the company is Rs. 161.75 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 22.88 crore from Office of the Executive Engineer Public Work Department Bridge Construction Division 52-Chanayakapuri, Sachin Tendulkar Marg, Gwalior (M.P). The LOA is for Construction of railway over bridge in lieu of level crossing No 17 on Mungawali-Chanderi road in district Ashoknagar. The contract is to be executed in 24 months.
Madhav Infra Projects is engaged in development, construction as well as operation & maintenance of Infrastructure Projects.
