Stock Under Rs 20: Infrastructure Company Secures Rs 42.68 Crore Order from East Coast Railways

In the previous session, Indian Markets closed on a negative note, with the Nifty 50 declining 2.04 per cent to trade at Rs 22,261 in the previous morning session. However, by 3:00 PM, the index recovered from its Intraday low of Rs 22,182 to close at Rs 22,713.10, marking a recovery of approximately 2.39 per cent.

Amid broader market weakness, A B Infrabuild's share price moved higher, closing at Rs 16.17, up 1.76 per cent, after the company secured a Letter of Acceptance from East Coast Railways, Indian Railways, for the Construction of a Road Over Bridge (ROB) under the Khurdha Road Division, strengthening its infrastructure project portfolio.

Secures Rs 42.68 Crore Railway ROB Project from East Coast Railways with 24-Month Execution Timeline

A B Infrabuild has secured a letter of acceptance from East Coast Railways, Indian Railways, for the construction of a Road Over Bridge (ROB) under the Khurdha Road Division, strengthening its infrastructure project portfolio.

The contract involves the construction of an ROB at Railway Km 662/9-11 in lieu of LC No. 358 at Km 662/9-11 between Baruva–Mandasa Station Main Line. The bridge will feature a span configuration comprising 1x36.0 metre Composite Girder, 2x24.0 metre Composite Girder, 3x18.75 metre T-Beam Girder, and 1x10.50 metre T-Beam Girder.

The total contract value is Rs 42,68,20,821.94, with a stipulated completion period of 24 months. The order has been awarded by a domestic entity, East Coast Railways, Indian Railways.

A B Infrabuild confirmed that neither its promoter nor promoter group has any interest in the awarding entity, and the contract does not qualify as a related party transaction.

About A B Infrabuild

A B Infrabuild Limited is an India-based infrastructure and civil construction company engaged in executing projects across roads, railways, bridges, and other civil engineering works. Incorporated in 2011 and headquartered in Mumbai, the company undertakes activities such as railway infrastructure development, track laying, station construction, and urban infrastructure projects, primarily for government bodies like the Municipal Corporation of Greater Mumbai and Public Works Department. It is registered as a Grade “AA” contractor and has built a presence in both public and private sector projects, focusing on civil construction, engineering services, and infrastructure development.

The company has a market capitalisation of Rs 1,033 crore and has delivered a profit growth of 39.9 per cent CAGR over the past five years. The stock has delivered a return of 75.38 per cent over the past year. It has traded within a 52-week range of Rs 7.85 to Rs 22.18 and has a face value of Rs 1 per share.

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