MBL Infra shines on bagging 3 housing projects worth Rs 126.12 crore

20 Jan 2012

MBL Infrastructures is currently trading at Rs. 150.00, up by 3.00 points or 2.04% from its previous closing of Rs. 147.00 on the BSE.

The scrip opened at Rs. 150.00 and has touched a high and low of Rs. 153.25 and Rs. 150.00 respectively.

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. 153.85 and Rs. 127.00 respectively. The current market cap of the company is Rs. 262.00 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 three housing projects worth Rs 126.12 crore by Madhya Pradesh Housing & Infrastructure Board. The first housing project is for construction of 222 flats including basement + stilt + 10 storey of Keelandev Towers including development work by the side of main road no. 1 near Shivaji Nagar, Bhopal in Madhya Pradesh.

The second housing project is for construction of 96 flats including basement + ground + 12 storey and development of 1.86 acre land at Tulsi Nagar, Bhopal in Madhya Pradesh.

Finally the third project is for construction of 92 flats including stilt+6 of Mahadev Parisar and commercial block including development works opposite board office at Shivaji Nagar, Bhopal in Madhya Pradesh.

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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