Modern Engineering zooms on securing LoA from Neelachal Ispat Nigam
Modern Engineering and Projects is currently trading at Rs. 29.47, up by 2.09 points or 7.63% from its previous closing of Rs. 27.38 on the BSE.
The scrip opened at Rs. 32.85 and has touched a high and low of Rs. 32.85 and Rs. 26.00 respectively. So far 339618 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 47.95 on 23-Apr-2026 and a 52 week low of Rs. 21.90 on 01-Oct-2026.
Last one week high and low of the scrip stood at Rs. 32.85 and Rs. 22.01 respectively. The current market cap of the company is Rs. 42.87 crore.
The promoters holding in the company stood at 33.29%, while Institutions and Non-Institutions held 6.51 % and 60.20 % respectively.
Modern Engineering And Projects has secured Letter of Award (LoA) from Neelachal Ispat Nigam (NINL) for the Area Grading works at NINL Expansion Project. Estimated contract price for scope of work under this work order shall be Rs 113.26 crore. The contract price is net of GST and applicable cess thereto. All other taxes and duties are included in Contract price. The said contract is expected to be completed in 6 months from the date of award of this work order.
