Madhav Infra Projects zooms on receiving LoA for Construction of Railway Over Bridge
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Madhav Infra Projects is currently trading at Rs. 6.33, up by 0.33 points or 5.50% from its previous closing of Rs. 6.00 on the BSE.
The scrip opened at Rs. 6.30 and has touched a high and low of Rs. 6.48 and Rs. 6.25 respectively. So far 1114031 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. 6.79 and Rs. 5.20 respectively. The current market cap of the company is Rs. 169.30 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 Construction of Railway Over Bridge in lieu of Level Crossing No. 70 in Km 1141/16-18 of Bina- Katni Track on Damoh-Badakpur Road, Distt. Damoh (M.P.) from Office Of The Executive Engineer Public Work, Department Bridge Construction Division SAGAR (M.P.). The total cost of the work at the accepted rate works out to Rs 37.07 crore.
Madhav Infra Projects is engaged in development, construction as well as operation & maintenance of Infrastructure Projects.
