Brahmaputra Infra bids low; climbs high on the streets

It seems that good days for Brahmaputra Infrastructure have started as the scrip of the company on September 6, has opened at Rs 39.80, up by 17 per cent on an intraday basis. Such a drastic move of the company is largely due to arbitration award won and the company emerging as the lowest bidder for yet another project.

Company has  received arbitration awards worth 23.12 crores, which will reduce the debt of the company. Currently the company has a total debt of Rs 17.34 crores. With the recent cabinet decision, Brahmaputra Infra will get 75 per cent of the amount  of the award immediately to disburse its debt.

On the other hand, company has informed the bourses that it has submitted its bid to PWD (B&R) branch, Punjab for the project of construction of ROB in lieu of level crossing A/12/B/2 at Km 112 – 113 of NH – 15 (new NH-54) at Amritsar along with High Level Bridge over adjoining UBDC Canal in the state of Punjab. Brahmaputra Infra emerged as the lowest bidder for the project.

On the other hand, scrip of the company in the last 6 months has given a return of 50 per cent. In the last 3 months, shares have rallied over 30 per cent. 52 week high/low of the company stands at Rs 42/13.