Brahmaputra Infrastructure jumps on getting LoA worth Rs 59.84 crore
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Brahmaputra Infrastructure is currently trading at Rs. 71.38, up by 1.39 points or 1.99% from its previous closing of Rs. 69.99 on the BSE.
The scrip opened at Rs. 68.65 and has touched a high and low of Rs. 71.38 and Rs. 68.65 respectively. So far 19340 shares were traded on the counter.
The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 86.16 on 21-Feb-2024 and a 52 week low of Rs. 27.50 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 71.38 and Rs. 67.50 respectively. The current market cap of the company is Rs. 207.13 crore.
The promoters holding in the company stood at 74.05%, while Institutions and Non-Institutions held 0.42% and 25.53% respectively.
Brahmaputra Infrastructure has received a Letter of Acceptance (LoA) from the office of Executive Director ( T.) - National Highway & Infrastructure Development Corporation of India for the execution of the Rehabilitation and Up-gradation of road from design Km 25.250 to Km 36.460 (Total Length: 11.210 Km) of Kailashahar - Kurti Bridge section of NH-208A to two lane with paved shoulder in the State of Tripura on EPC mode (Package III)-Balance work- LoA- of an total amount Rs 59.84 crore. The order is to be executed within 18 months.
Brahmaputra Infrastructure has established itself as service provider of builder’s developers. The company also in the business segment of real estate division, heavy civil construction division.
