Penny stock under Rs 30 jumps over 10% after receiving an order worth Rs 7,71,01,231.33 from the Ministry of Railways
DSIJ Intelligence-1 / 19 Aug 2025/ Categories: Penny Stocks, Trending
The company has a market cap of over Rs 40 crore and the stock is up by 24.5 per cent from its 52-week low of Rs 20 per share.
Manglam Infra & Engineering Limited (formerly Manglam Associates) has secured a significant Letter of Acceptance (LOA) from the Ministry of Railways, South Western Railways (SWR). The order, valued at Rs 7,71,01,231.33, is for the appointment of a General Consultant (GC) for various projects under the CAO Construction (RSP Unit) of SWR. This domestic contract is estimated to be completed within 48 months. The award was made by the Government of India, Ministry of Railways, CAO/C/RSP, Hubballi, Karnataka, India.
Advertisement:
Earlier, the company secured a domestic project from the Government of Assam, specifically the Office of the Chief Engineer, Public Works Roads Department. The contract is for the "Preparation of Detailed Project Report (DPR), Technical Sanction Documents, Tender Document BOQ for Roads and Bridges to be proposed under PMGSY-IV", with a total value of Rs 1,01,08,000.
Incorporated in 2010, Manglam Infra & Engineering Limited specialises in managing infrastructure projects. The company provides a comprehensive range of services, including design, engineering, procurement, construction and integrated project management for various infrastructure developments such as highways, bridges, tunnels, railways and urban buildings. Their offerings also encompass DPR and feasibility studies, operations and maintenance, project management consultancy, independent consultancy, project planning, designing, estimation, supervision and quality control, authority engineer supervision, independent engineer services, traffic and transportation engineering, financial analysis, technical audits, structural audits and inspection of bridges and roads.
DSIJ’s ‘Micro Marvel' service recommends micro-cap stocks with the potential to grow multifold in long run. If this interests you, download the service details here.
On Tuesday, shares of Manglam Infra & Engineering Ltd jumped over 10 per cent to Rs 24.90 per share from its previous closing of Rs 22.50 per share. The company has a market cap of over Rs 40 crore and the stock is up by 24.5 per cent from its 52-week low of Rs 20 per share.
Disclaimer: The article is for informational purposes only and not investment advice.