Stock under Rs 20: Company receives orders worth Rs 62,18,15,072.41 from Indian Railways & M.P. Road Development Corporation

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Stock under Rs 20: Company receives orders worth Rs 62,18,15,072.41 from Indian Railways & M.P. Road Development Corporation

The company has a market cap of over Rs 1,200 crore and has given multibagger returns of over 200 per cent from its 52-week low of Rs 6.18 per share.

A B Infrabuild Ltd has secured a domestic contract from the M.P. Road Development Corporation Ltd valued at Rs 10,75,00,000. The project involves the Construction of additional lanes to serve as truck parking and lay-bys in the Sohagi Ghat stretch on the Mangawan to MP-UP border section of NH-30 in Madhya Pradesh. Executed on an EPC mode, the contract is set for a time period of 9 Months and will follow the standard performance security and terms specified in the tender documents.

In addition, the company has received a letter of acceptance from East Coast Railways, Indian Railways, for a larger project worth Rs 51,43,15,072.41. This contract entails the construction of a Road Over Bridge (ROB) with various girder spans between Mandasa Railway Station and Baruva Railway Station on the HWH-VSKP main line. This project has a completion timeline of 24 Months, bringing the combined value of these new domestic orders to a total of Rs 62,18,15,072.41.

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A B Infrabuild Ltd is a leading civil construction company, specialising in a wide range of infrastructure projects. With certifications in OHSAS 18001, ISO 14001, and ISO 9001, the company is committed to quality and safety. Their services encompass railways, bridges, roadways, dams, canals, and repair work. They have successfully executed numerous projects for government agencies and private clients, contributing to the development of urban and rural infrastructure.

On Tuesday, shares of A B Infrabuild Ltd gained 1.55 per cent to Rs 19.55 per share from its previous closing of Rs 18.69 per share. The stock’s 52-week high is Rs 22.90 per share and its 52-week low is Rs 6.18 per share. The company has a market cap of over Rs 1,200 crore and has given multibagger returns of over 200 per cent from its 52-week low of Rs 6.18 per share.

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