Man Infraconstruction moves up on getting LoA worth around Rs 680 crore
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
Man InfraConstruction is currently trading at Rs. 117.10, up by 0.99 points or 0.85% from its previous closing of Rs. 116.11 on the BSE.
The scrip opened at Rs. 117.01 and has touched a high and low of Rs. 119.05 and Rs. 115.68 respectively. So far 184673 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 119.05 on 23-Jun-2023 and a 52 week low of Rs. 66.25 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 119.05 and Rs. 112.05 respectively. The current market cap of the company is Rs. 4375.93 crore.
The promoters holding in the company stood at 67.12%, while Institutions and Non-Institutions held 2.06% and 30.82% respectively.
Man Infraconstruction has received Letter of Acceptance (LoA) for around Rs 680 crore (inclusive of GST) from Bharat Mumbai Container Terminal (BMCTPL) for execution of Phase 2 Infrastructure Works at Fourth Container Terminal at Jawaharlal Nehru Port (JNPT), Navi Mumbai, Maharashtra within time-frame of 2.5 years. BMCTPL is subsidiary of the PSA International, a leading Global Port Group headquartered in Singapore. PSA is working with JNPT to develop this Fourth Container Terminal to cater to the increasing demands for container handling capacity and facilitate maritime trade in the Country.
Man Infraconstruction is an India-based company engaged in the business of civil construction. The company’s operations consist of construction / project activities/real estate activities.
