Patel Engineering in jubilant mood on bagging order worth Rs 234 crore

15 Feb 2012

Patel Engineering is currently trading at Rs. 120.75, up by 4.05 points or 3.47% from its previous closing of Rs. 116.70 on the BSE.

The scrip opened at Rs. 117.95 and has touched a high and low of Rs. 122.65 and Rs. 117.50 respectively. So far 279619 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 199.90 on 15-Feb-2011 and a 52 week low of Rs. 73.00 on 20-Dec-2011.

Last one week high and low of the scrip stood at Rs. 122.65 and Rs. 104.60 respectively. The current market cap of the company is Rs. 823.96 crore.

The promoters holding in the company stood at 45.62% while Institutions and Non-Institutions held 13.04% and 41.34% respectively.

Patel Engineering, an integrated infrastructure company, has bagged order worth Rs 233.98 crore for up-gradation of Sikkadi-Chandi-Sandesh-Sahar-Bihta-Danvara-Nasigunj road (SH-81) in the state of Bihar from the Bihar State Road Development Corporation.  

The assignment is the part of Bihar State Highway Project-II, which sanctions the development work for 86.80 Km.

Patel Engineering provides a wide range of civil engineering services involved in design and construction of power projects, hydroelectric projects, commercial building, industrial complexes, dams, tunnels, underground structures, steel and concrete structures, bridges, marine works, flyovers and national highways in India and abroad.  It has an experience of 75 dams, 30 hydro electric projects, 30 micro tunneling projects and 130 Km of tunneling, etc.

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