Penny stock under Rs 75: Infrastructure company receives work order of Rs 41,62,00,000 from Kolkata

RKEC Projects Limited has received a work order worth Rs 41.62 crore from the Syama Prasad Mookerjee Port, Kolkata. The contract is for the design, supply, installation, testing and commissioning of a firefighting system inside the dock area of Haldia Dock Complex, SMVP in EPC mode and it includes a 10-year comprehensive maintenance contract following a 2-year defect liability period.

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Incorporated in 2005, RKEC Projects Limited has 39 years of experience in civil and defence construction. The company is known for its high-quality work on a diverse range of infrastructure projects, including buildings, highways and marine works. RKEC Projects provides a wide array of services, from constructing jetties and wharves to building roads, bridges and power and refinery structures. Its clientele includes major government and private entities like the Indian Navy, NHAI and Indian Railways.

The company has a market cap of Rs 175 crore. On Thursday, shares of RKEC Projects Ltd gained 3.9 per cent to Rs 72 per share from its previous closing of Rs 69.33 per share. The stock’s 52-week high is Rs 148.50 per share and its 52-week low is Rs 60.61 per share. The stock is up by 18.8 per cent from its 52-week low of Rs 60.61 per share.

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