MBL Infrastructures jumps on bagging various projects worth Rs 315.80 crore

23 Dec 2011 Evaluate

MBL Infrastructures is currently trading at Rs. 105.30, up by 3.30 points or 3.24% from its previous closing of Rs. 102.00 on the BSE.

The scrip opened at Rs. 105.00 and has touched a high and low of Rs. 106.70 and Rs. 104.25 respectively. So far 1,635 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 217.00 on 04-Jan-2011 and a 52 week low of Rs. 93.10 on 19-Dec-2011.

Last one week high and low of the scrip stood at Rs. 106.70 and Rs. 93.10 respectively. The current market cap of the company is Rs. 184.00 crore.

The promoters holding in the company stood at 57.32% while Institutions and Non-Institutions held 16.21% and 26.48% respectively.

MBL Infrastructures has been awarded projects totaling Rs 315.80 crore across various segments, including road infrastructure, building infrastructure, rail infrastructure and urban infrastructure.

The company has bagged the first project for construction of approaches to rail-corn-road bridge across River Ganga at Digha Ghat near Patna in State of Bihar, worth Rs 211.10 crore awarded by NHAI.

The second project is for construction of group housing residential apartments namely ‘NBCC Town’ on Delhi Saharanpur highway, Baghpat District in UP, worth Rs 34.86 crore awarded by NBCC while the third order is for design and construction of 80 units multi storey (B+S+10) Type-V flats for railway officers and allied works near Safdarjung railway station in Chankyapuri area at New Delhi, worth Rs 32.29 crore awarded by Rail Vikas Nigam (RVNL).

Finally the fourth project is for construction of railways over bridge (ROB) at Badkhal Chowk, Faridabad and all other works contingent thereto, worth R. 19.12 crore awarded by HUDA (Faridabad) while the fifth project is for construction of approaches of 2 lane ROB at railway level crossing No.27-B on Delhi Ambala railway line crossing Sonepat Gohana road in Sonepat District, worth Rs 18.41 crore awarded by PWD (Haryana).

MBL Infra is into civil engineering projects with specialization in roads and highways. The company is managed by a qualified team having good experience. It owns a large fleet of sophisticated construction equipments. It has its own RMC plants and hot mix plants. It engages in its own mechanized stone aggregate quarrying and crushing to ensure assured and timely supply of top class quality stone aggregates at a low cost.

MBL Infrastructures Share Price

43.80 0.80 (1.86%)
03-Jun-2024 15:31 View Price Chart
Peers
Company Name CMP
Larsen & Toubro 3898.75
Rail Vikas Nigam 404.75
KEC International 774.35
Kalpataru Projects 1225.00
NCC 310.85
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