Madhav Infra Projects touches roof on getting LoI worth Rs 329.73 crore from GIPCL
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Madhav Infra Projects is currently trading at upper limit of Rs. 9.75, up by 0.19 points or 1.99% from its previous closing of Rs. 9.56 on the BSE.
The scrip opened at Rs. 9.75 and has touched a high and low of Rs. 9.75 and Rs. 9.75 respectively. So far 27970 shares were traded on the counter.
The BSE group 'XT' stock of face value Rs. 1 has touched a 52 week high of Rs. 15.00 on 29-Jan-2024 and a 52 week low of Rs. 3.55 on 16-May-2023.
Last one week high and low of the scrip stood at Rs. 9.75 and Rs. 9.17 respectively. The current market cap of the company is Rs. 262.84 crore.
The promoters holding in the company stood at 68.81%, while Non-Institutions held 31.19% stake in the company.
Madhav Infra Projects has received Letter of Intent (LoI) worth Rs 329.73 crore from Gujarat Industries Power Company (GIPCL). The order is for Design, Engineering, Supply, Construction, Erection, Testing, Commissioning and 3 years of Operation and Maintenance of 75 MW (AC) solar Power Projects at Vastan near SLPP Tal-Mangrol Dist. Surat, Gujarat on Engineering, Procurement and Construction basis. The contract is to be executed in 330 days.
Madhav Infra Projects is engaged in development, construction as well as operation & maintenance of Infrastructure Projects.
