Constronics Infra touches roof on bagging contracts worth Rs 65.25 crore
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Constronics Infra is currently trading at upper limit of Rs. 52.86, up by 1.03 points or 1.99% from its previous closing of Rs. 51.83 on the BSE.
The scrip opened at Rs. 52.86 and has touched a high and low of Rs. 52.86 and Rs. 52.86 respectively.
The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 57.07 on 02-May-2024 and a 52 week low of Rs. 5.65 on 13-Jun-2023.
Last one week high and low of the scrip stood at Rs. 57.07 and Rs. 51.83 respectively. The current market cap of the company is Rs. 37.36 crore.
The promoters holding in the company stood at 18.47%, while Non-Institutions held 81.53% stake in the company.
Constronics Infra has been awarded two contracts for a value of Rs 65.25 crore (excluding taxes). The company has received first contract worth Rs 55.17 crore from KCP Infra for widening from Two Lane to Four Lane and Strengthening Arcot – Tindivanam Road (SH5) and Thiruvathipuram Bypass Road including construction of Major Bridge, Reconstruction and Widening of Culverts, Construction of Drain, Retaining wall, Bus Lay Bay and Paver Blocks in State highways Department. The company has received another contract worth Rs 10.08 crore from NTPC Tamil Nadu Energy Company for 8,00,000 Metric ton (MT) Lifting and trading of Wet ash from – NTECL Vallur TPS.
