Om Infra zooms on bagging infrastructure projects worth Rs 448.10 crore
Om Infra is currently trading at Rs. 118.00, up by 9.80 points or 9.06% from its previous closing of Rs. 108.20 on the BSE.
The scrip opened at Rs. 115.95 and has touched a high and low of Rs. 124.50 and Rs. 115.95 respectively. So far 75143 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 227.90 on 02-Aug-2024 and a 52 week low of Rs. 99.00 on 04-Jun-2024.
Last one week high and low of the scrip stood at Rs. 124.50 and Rs. 100.10 respectively. The current market cap of the company is Rs. 1137.35 crore.
The promoters holding in the company stood at 67.05%, while Institutions and Non-Institutions held 4.08% and 28.86% respectively.
Om Infra has secured two significant water supply infrastructure projects worth Rs 448.10 crore from Uttar Pradesh Jal Nigam (Rural). The first project is for the Moradabad Circle (Dist. Amroha and Sambhal) for worth Rs 106.10 crore.
The second contract is for Lucknow Circle (Dist. Hardoi, Lakhimpur Khiri, Sitapur & Lucknow) for worth Rs 342 crore. This encompasses water supply works and its Operation and Maintenance.
The projects scope encompasses survey, design DPR preparation, procurement and construction to ensure the full functionality of Defunct, partial operative Rural Water Supply Schemes, including trial run and comprehensive operations and maintenance for fully functional schemes.
Om Infra is a leading player in the infrastructure development space, with a focus on EPC for water management, engineering, and construction.
