MBL Infra bags Rs 2126 crore road projects
Chirag Gothi / 04 Apr 2016
MBL Infrastructures, engaged in execution of civil engineering projects, has bagged two road development projects worth Rs 2,126 crore from NHAI in Uttarakhand and Uttar Pradesh.
MBL Infrastructures, engaged in execution of civil engineering projects, has bagged two road development projects worth Rs 2,126 crore from NHAI in Uttarakhand and Uttar Pradesh.
It has been awarded the following projects on DBFOT (Design-Build-Finance-Operate-Transfer), Hybrid Annuity basis by the National Highways Authority of India (NHAI).
The first project worth Rs 942 crore is for four laning of Chutmalpur-Ganeshpur section of NH-72A from 22.825 km of NH-73 to 16.000 km (Design Chainage 17.900 km) & Roorkee-Chutmalpur-Gagalheri section of NH-73 from km 0.000 (km 167.800 of NH-58) to km 33.000 (Design Chainage km 35.400) in the state of Uttarakhand and Uttar Pradesh under NHDP-IV.
The second order worth Rs 1,184 crore is for four laning of Gagalheri-Saharanpur-Yamunanagar (UP/Haryana Border) section of NH-73 from km 33.000 (design chainage km 35.400) to km 71.640 (design chainage km 86.855) in the state of Uttar Pradesh under NHDP-IV.
During construction, 40 per cent of the bid project cost (Rs 376.80 crore + Rs 473.60 crore) will be funded by NHAI and the balance 60 per cent (Rs 565.2 crore + Rs 710.4 crore) will be arranged by the concessionaire.
For nine months ended December 31, 2015, the company reported 8.84 per cent growth in consolidated net profit of Rs 73.54 crore and revenue jumped by 22.1 per cent at Rs 1,717.27 crore. EBITDA reported growth of 9.1 per cent at Rs 192.59 crore along with EBITDA margin, which contracted by 134 bps at 11.21 per cent.
On Valuation front, stock is trading at 7.5 times price to earnings ratio on TTM basis, while based on price to book value it is trading at 1.02 time of its book value of Rs 156 per share.
Today, it is closed at Rs 157.70, up by 3.80 points or 2.47 per cent from its previous closing of Rs 153.90 on the BSE.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.