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MBL Infrastructures skyrockets on bagging order worth Rs 500 crore

10 Jan 2012

MBL Infrastructures is currently trading at Rs. 127.00, up by 7.45 points or 6.23% from its previous closing of Rs. 119.55 on the BSE.

The scrip opened at Rs. 121.00 and has touched a high and low of Rs. 129.90 and Rs. 120.70 respectively. So far 4321 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 210.00 on 14-Feb-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. 129.90 and Rs. 109.00 respectively. The current market cap of the company is Rs. 222.16 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 the project for developing and operation of Bikaner - Suratgarh section of NH15 in the state of Rajasthan by PWD, Rajasthan. The project will be executed on design, build, finance, operate and transfer (DBFOT) basis with a concession period of 16 years including construction period of 24 months. With bagging this order, the company is executing total 21 projects amounting Rs 2636.14 crore.

The project is for two laning with paved shoulder of Bikaner - Suratgarh section of NH15 (Km 553/869 of NH11 to Km 173/000 of NH15 via Km 10/630 of NH15) in the state of Rajasthan The project has been awarded to the consortium led by MBL Infrastructures, SREI Infrastructure being the other partner. The total cost of the project is exceeding Rs 500 crore.

MBL Infrastructures 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.

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SEBI Registered: Investment Adviser - INA000013323