Civil Construction Penny Stock Under Rs 30, Receives Rs 13,73,17,353.30 Order from Gandhinagar

On Friday, shares of Akash Infra-Projects Limited gained 1.74 per cent to Rs 26.91 per share from its previous closing of Rs 26.45 per share. The stock’s 52-week high is Rs 41.80 per share and its 52-week low is Rs 23 per share.

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Akash Infraprojects Limited has been awarded a new order valued at Rs 13,73,17,353.30 from the Office of the Executive Engineer, Capital Planning Department, Division. No. 1, Gandhinagar. The contract is for road infrastructure work, which includes the widening, resurfacing, and strengthening of the Pashujaivik and GEB roads in Gandhinagar, covering the stretch from kilometre 0/00 to 4/200.

Established in 1999, Akash Infraprojects Ltd is a leading civil construction company that specialises in a wide range of projects, including roads, buildings, bridges, culverts, dams, and godowns. The company has a strong presence in the Gujarat market, where it has completed numerous contracts for prominent government bodies such as the Ahmedabad Municipal Corporation (AMC), Ahmedabad Urban Development Authority (AUDA), and the Road and Building Departments (R&B) of the Gujarat Government. To support its large-scale operations and ensure quality and timely delivery, the company has invested in its own infrastructure, including facilities for bitumen material mix and CC paver manufacturing.

The company have a market cap of over Rs 40 crore with promoters holding a 74.59 per cent stake and the public holding a 25.41 per cent stake. The stock is up by 17 per cent from its 52-week low of Rs 23 per share.

Disclaimer: The article is for informational purposes only and not investment advice.