SRM Contractors soars on securing LoA worth Rs 105.96 crore
SRM Contractors is currently trading at Rs. 377.80, up by 5.25 points or 1.41% from its previous closing of Rs. 372.55 on the BSE.
The scrip opened at Rs. 390.45 and has touched a high and low of Rs. 390.45 and Rs. 376.00 respectively. So far 7710 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 399.55 on 19-Dec-2024 and a 52 week low of Rs. 148.00 on 04-Jun-2024.
Last one week high and low of the scrip stood at Rs. 399.55 and Rs. 347.00 respectively. The current market cap of the company is Rs. 867.29 crore.
The promoters holding in the company stood at 72.92%, while Institutions and Non-Institutions held 5.09% and 21.99% respectively.
SRM Contractors has received Letter of Acceptance (LoA) worth Rs 105.96 crore from National Highway Authority of India (NHAI). The order is for Long term rectification work of blackspots by construction of (i) VUP at Sornath Junction (GJ-(09)-145 at km 13+255, (ii) Flyover at Keshod Junction (GJ-(02)-212) at km 64+077, (iii) Flyover & LVUP at Gadu Location (GJ(02)-178) at Km 97+800 and (iv) Service road at Santipara Patiya (GJ-(02)-23.3) from Km 100+480 to 103+497 on Jetpur-Somnath section of NH 151 in the State of Gujarat on EPC mode.
SRM Contractors is an engineering construction and development company engaged primarily in the construction of roads (including bridges), tunnels, slope stabilisation works and other miscellaneous civil construction activities in the Union Territories of Jammu & Kashmir and Ladakh.
