Supreme Infrastructure touches the roof on bagging construction contract worth Rs 450 crore
Supreme Infrastructure India is locked its upper circuit at Rs. 117.71, up by 5.60 points or 5.00% from its previous closing of Rs. 112.11 on the BSE.
The scrip opened at Rs. 117.71 and has touched a high and low of Rs. 117.71 and Rs. 117.71 respectively. So far 1556 shares were traded on the counter.
The BSE group 'Z' stock of face value Rs. 10 has touched a 52 week high of Rs. 161.40 on 13-Dec-2024 and a 52 week low of Rs. 61.57 on 09-Sep-2024.
Last one week high and low of the scrip stood at Rs. 117.71 and Rs. 96.00 respectively. The current market cap of the company is Rs. 302.50 crore.
The promoters holding in the company stood at 34.68%, while Institutions and Non-Institutions held 8.48% and 56.84% respectively.
Supreme Infrastructure India has bagged turnkey construction contract worth Rs 450 crore for the development of a Project Affected Persons (PAP) housing complex in Powai, Mumbai. The project is a part of a large-scale redevelopment being undertaken by BSS Property Ventures and Rajeshwar Property Ventures, entities majority-owned by funds managed by Brookfield. Supreme Infrastructure India has been appointed as the EPC contractor for Phase 1, which includes the construction of around 16 lakh sq. ft. of built-up area including civil, MEP, and infrastructure works, to be completed over 36 months.
This contract win enhances the Company’s overall order book to Rs 1,725 crore, comprising high-value projects with reputed clients such as Larsen & Toubro (L&T) and Brookfield - backed ventures.
Supreme Infrastructure India is principally engaged in engineering and construction of roads, highways, buildings, bridges etc.
