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06-12-2024 01:38 PM | Source: Accord Fintech
Mehai Technology touches roof on bagging orders worth Rs 16.24 crore

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Mehai Technology is currently trading at upper limit of Rs. 207.75, up by 4.05 points or 1.99% from its previous closing of Rs. 203.70 on the BSE.

The scrip opened at Rs. 207.75 and has touched a high and low of Rs. 207.75 and Rs. 207.75 respectively. So far 38476 shares were traded on the counter.

The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 207.75 on 06-Dec-2024 and a 52 week low of Rs. 18.00 on 28-Mar-2024.

Last one week high and low of the scrip stood at Rs. 207.75 and Rs. 192.05 respectively. The current market cap of the company is Rs. 556.98 crore.

The promoters holding in the company stood at 56.33%, while Non-Institutions held 43.67% stake in the company.

Mehai Technology received orders worth Rs 16.24 crore from Leapfrog Engineering Services. Out of the total, the order worth Rs 8.09 crore received for maintenance work of various equipment, including preventive maintenance of 220KV and 66KV GIS bays; SF6 gas analysis of 220 & 66kV CB; MV Protection Relay Retrofitting works including T/C; inspection & audit services - MV distribution network; distribution network; maintenance services - PLC Automation Systems; and Electrical Rectification works- water Transmission Network. 

The company has also received an order worth Rs 8.15 crore for maintenance work of various equipment, including process enhancement and optimization Services; rotating equipment optical alignment, dynamic balancing & shutdown maintenance; robotic inspection & cleaning of storage tanks; variable frequency drives retrofitting works including T/C; and MV variable frequency drives- AMC. 

The date of commencement of both orders is December 10, 2024 and the date of conclusion is April 30, 2025.

Mehai Technology is engaged in Trading / Assembly of USB Pen drives, it is in process of being able to manufacture USB pen drives.