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Unity Infraprojects gains on bagging projects worth Rs 257.11 crore

30 May 2014

Unity Infraprojects is currently trading at Rs. 43.95, up by 1.20 points or 2.81% from its previous closing of Rs. 42.75 on the BSE.

The scrip opened at Rs. 43.45 and has touched a high and low of Rs. 44.90 and Rs. 43.00 respectively. So far 21,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 48.20 on 26-May-2014 and a 52 week low of Rs. 16.10 on 07-Aug-2013.

Last one week high and low of the scrip stood at Rs. 48.20 and Rs. 37.85 respectively. The current market cap of the company is Rs. 324.00 crore.

The promoters holding in the company stood at 62.72%, while Institutions and Non-Institutions held 7.49% and 29.80% respectively.

Unity Infraprojects has bagged different projects worth Rs 257.11 crore. The company has bagged first order worth Rs 116.11 crore for construction of 1000 Room (2000 seats) Boys Hostel (G+10) for ISM at Dhanbad i/c Internal water supply, Sanitary installation, Drainage & Civil Development work, Internal Electrical Installations, Fans & Fittings, Fire Alarm System, Fire Fighting System and Passenger Lifts by Central Public Works Department, Executive Engineer ISMU Project Division, CPWD Dhanbad and the said project is to be completed within a period of 26 months.

The company has bagged second work order worth Rs 141.00 crore for construction of Karwar Institute of Medical Sciences at Karwar, Phase-I by Executive Engineer, Public Works, Ports and Inland Water Transport Department Division Karwar, Karnataka State and the said project is to be completed within a period of 24 months.

Unity Infraprojects is one of the largest civil contractors in India. It is the flagship unit of the Mumbai-based KK Group of Companies, which has its interests spread across a wide spectrum of businesses such as concrete block manufacturing, quarrying, hotel and organized retailing industries.

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