AB Infrabuild rises on receiving LoA worth Rs 51.43 crore
AB Infrabuild is currently trading at Rs. 19.30, up by 0.32 points or 1.69% from its previous closing of Rs. 18.98 on the BSE.
The scrip opened at Rs. 19.40 and has touched a high and low of Rs. 19.45 and Rs. 18.82 respectively. So far 9468 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 22.90 on 05-Sep-2025 and a 52 week low of Rs. 6.17 on 18-Feb-2025.
Last one week high and low of the scrip stood at Rs. 19.55 and Rs. 17.71 respectively. The current market cap of the company is Rs. 1230.31 crore.
The promoters holding in the company stood at 30.95%, while Non-Institutions held 69.05% stake in the company.
AB Infrabuild has received letter of acceptance (LoA) for a new project--Construction of Road Over Bridge (Rob) 1x36.0 mtr. Composite Girder + 2x24.0 mtr. Composite Girder +4x18.75 mtr. T-Beam Girder at Km 655/25-27 in Lieu of LC No-353 at CH: 2+200 In between Mandasa Railway Station - Baruva Railway Station On HWH-VSKP main line under Khurdha Road division. broad commercial consideration or size of the order(s)/contract(s) is Rs 51.43 crore. The said order is expected to be completed in 24 months.
AB Infrabuild is mainly engaged in providing Road Over Bridge (ROB) and Foot Over Bridge (FOB) related services. The company also offers services in the area of new station infrastructure, civil & structural work, track formation, track linking, gauge conversion, and new railway lines. It is also involved in building road contracts, Infrastructure, and steel grinder bridges.
