Shashijit Infraprojects jumps on getting LoI worth Rs 21 crore from Waaree Energies
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Shashijit Infraprojects is currently trading at Rs. 39.90, up by 1.80 points or 4.72% from its previous closing of Rs. 38.10 on the BSE.
The scrip opened at Rs. 39.70 and has touched a high and low of Rs. 40.39 and Rs. 38.00 respectively. So far 60996 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 50.40 on 14-Sep-2023 and a 52 week low of Rs. 16.20 on 19-Oct-2022.
Last one week high and low of the scrip stood at Rs. 44.00 and Rs. 35.99 respectively. The current market cap of the company is Rs. 40.29 crore.
The promoters holding in the company stood at 53.04%, while Non-Institutions held 46.96% stake in the company.
Shashijit Infraprojects has been awarded a Letter of Intent (LoI) from Waaree Energies. The LoI is for the construction of an Effluent Treatment Plant (ETP), Chemical and Utility Building and other civil work project valued at around Rs 21 crore. The project site is situated at Navsari, Gujarat.
This achievement represents a significant milestone for Shashijit Infraprojects, reaffirming its unwavering commitment to delivering high-quality construction services while contributing to the growth and advancement of the construction sector in the region.
Shashijit Infraprojects is a growing industrial and infrastructural Contracting company headquartered at Vapi, Gujarat. The company’s scope of work includes civil construction for industrial and residential projects, power plants, ETP plants, power service stations. The company has executed various industrial and residential projects in Gujarat particularly in Vapi, Surat, Silvassa and Union Territory Daman.
