Advait Infratech zooms on securing letter of intent worth Rs 158.90 crore
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Advait Infratech is currently trading at Rs. 1937.00, up by 92.15 points or 4.99% from its previous closing of Rs. 1844.85 on the BSE.
The scrip opened at Rs. 1835.00 and has touched a high and low of Rs. 1937.00 and Rs. 1760.00 respectively. So far 44086 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 1950.00 on 18-Jun-2024 and a 52 week low of Rs. 323.10 on 07-Jul-2023.
Last one week high and low of the scrip stood at Rs. 1937.00 and Rs. 1677.00 respectively. The current market cap of the company is Rs. 1929.25 crore.
The promoters holding in the company stood at 73.53%, while Non-Institutions held 26.47% stake in the company.
Advait Infratech has received an letter of intent for an order for site survey, designing, engineering, procurement, supply, loading, transportation, unloading, insurance, delivery at site, handling, storage, installation, testing, commissioning including documentation of all items/material required to complete works for Turnkey Based Contract of 11kV Medium Voltage Covered Conductor (AL59 ACS) at Gujarat State, worth Rs 158.90 crore (w/o GST).
Earlier, the company had received an order for Uprating of existing 66kv lines on tower by high ampacity conductor/ HTLS conductor 27.516 RKM on June 11, 2024 worth Rs 16.27 crore from Gujarat Energy Transmission Corporation.
Advait Infratech is into business of providing products and solutions for power transmission, power substation and telecommunication infrastructure fields.
