Railway penny stock penny stock below Rs 80 locked in upper circuit after receiving an order of Rs 33,99,99,945.01 from DCC Infra Projects Ltd

Today, shares of Jayant Infratech Ltd were locked in a 5 per cent upper circuit to Rs 77.26 per share from its previous closing of Rs 75.75 per share. The stock’s 52-week high is Rs 174.80 per share and a 52-week low of Rs 60.34 per share.

Jayant Infratech Limited has secured a significant Engineering, Procurement and Construction (EPC) contract from DCC Infra Projects Limited. This domestic order, valued at Rs 34 crore (inclusive of all duties and taxes), involves crucial electrification works for the Northeast Frontier Railway's Lumding – Tinsukia Junction – Dibrugarh Doubling Project in Assam. The specific scope of work entails the doubling of the track between Naojan (Km 285.860) and Furkating (Km 330.043), covering a stretch of 45.278 kilometres.

The contract's key terms include the provision of design, drawings, erection, testing and commissioning of Overhead Equipment (OHE) for the double line project within the specified kilometres. Jayant Infratech Ltd is expected to complete this comprehensive electrification project by July 2027. The broad consideration for this order is Rs 33,99,99,945.01, underscoring the substantial nature of this infrastructure development.

Jayant Infratech Ltd (JIL), incorporated in 2003, is a technology-driven company specialising in comprehensive Railway Electrification & Infrastructure Projects, offering services from design to energisation for new and existing railway tracks. Their expertise spans 25KV Overhead Electrification, Traction Sub-Station Work, Sub-Sectioning Work, Switching Post Work, Feeding Post Work, Power Supply Installation Work and Modification of OHE Work. JIL has a robust clientele, primarily consisting of various zones of the Indian Railways, including Eastern Railway, South-Eastern Railway, South-East Central Railway, Northern Railway, East Coast Railway, North Frontier Railway, East Central Railway and the Central Organisation for Railway Electrification (CORE).

The firm has a market cap of Rs 78.5 crore and has delivered good profit growth of 45.3% CAGR over the last 5 years with working capital requirements reduced from 81.9 days to 54.2 days. The stock is up by 28 per cent from its 52-week low of Rs 60.34 per share.

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