Brahmaputra Infrastructure touches roof on getting LoA worth 69.96 crore
Brahmaputra Infrastructure is currently trading at its upper limit of Rs. 82.83, up by 3.94 points or 4.99% from its previous closing of Rs. 78.89 on the BSE.
The scrip opened at Rs. 78.99 and has touched a high and low of Rs. 82.83 and Rs. 76.60 respectively. So far 25996 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. 27.99 on 05-Apr-2023.
Last one week high and low of the scrip stood at Rs. 82.83 and Rs. 72.70 respectively. The current market cap of the company is Rs. 240.36 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 Chief Engineer, Water Resource Department, Basistha, Guwahati for the execution of River Protection work of an total amount Rs 69.96 crore. This order includes procurement of works for Palashbari and Gumi/ Guwahati West Subproject (Guwahati West): Underwater riverbank Protection works (Section 1) and above water riverbank protection works (Section 2), Package No. W2PG (B) GW: Lot 1, worth Rs 24.25 crore; and Procurement of works for Palashbari and Gumi/ Guwahati West Subproject (Guwahati West): Underwater riverbank Protection works (Section 1) and above water riverbank protection works (Section 2), Package No. W2PG (B) GW: Lot 2, worth Rs 21.47 crore.
This order also includes Procurement of works for Palashbari-Gumi Riverbank Protection Works Palashbari-Gumi subproject in Kamrup (Rural) district (at Siminia area, Makadhuj Area to Futuri, Dakhala (Kalitapara), Guimara and Adaptation Works) underwater riverbank protection works (Section 1) and above water riverbank protection works (Section 2), Package No. W2- PG (A), worth Rs 24.24 crore.
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.
