Penny stock under Rs 70 in focus as company’s subsidiary receives order of Rs 4,65,48,404 from Ceinsys Tech Ltd
DSIJ Intelligence-1 / 29 Jul 2025/ Categories: Penny Stocks, Trending
The stock is up by 29.2 per cent from its 52-week low of Rs 50.20 per share.
Shradha Infraprojects Limited's material subsidiary, Active Infrastructures Limited (formerly known as Active Infrastructures Private Limited), has received a work order from Ceinsys Tech Limited. The order, received and accepted on July 28, 2025, is for providing core boxes and conducting water intake tests in the Vidarbha region of Maharashtra. The total agreed consideration for these services is Rs. 4,65,48,404/-, inclusive of applicable GST.
The scope of work for Active Infrastructures Limited includes the supply of 10,379 MS Core Boxes (1.25x0.35x0.15 m) with fixtures and locking mechanisms conforming to IS standards. Additionally, the company will execute 25,560 Water Intake/Permeability Tests in boreholes at various depths using the Packer Method, in accordance with IS 2720 and IS 5529. The project is located in the Vidarbha region of Maharashtra and is slated for completion within six months.
About Active Infrastructures Limited
Active Infrastructures Limited, incorporated in 2007, is a civil construction company specialising in both infrastructure development and commercial project construction. Its infrastructure development segment covers roads, bridges, water supply systems and irrigation projects, while its commercial construction segment includes office complexes, retail centres and educational institutions. The company maintains a strong geographical presence across Maharashtra, Madhya Pradesh, Uttar Pradesh and Tripura, with ambitions for pan-India expansion.
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About Shradha Infraprojects Ltd
Shradha Infraprojects Ltd, established in 1987, is a real estate and infrastructure development company primarily focused on offering building and engineering services. With its main operations centred in Nagpur, the company undertakes diverse construction projects, including highways, bridges, water supply, renewable energy and urban development. Shradha Infraprojects operates through two key divisions: Development Business, which focuses on the development and sale of residential and commercial properties and Lease Business, which involves developing and leasing commercial properties such as corporate offices and educational institutions.
The company has a market cap of Rs 324 crore and has delivered good profit growth of 51 per cent CAGR over the last 5 years. The shares of the company have a PE ratio of 21x whereas the industry PE is 40x. The stock is up by 29.2 per cent from its 52-week low of Rs 50.20 per share.
Disclaimer: The article is for informational purposes only and not investment advice.