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Era Infra gains on securing contract worth Rs 559.90 crore from DMRC

07 Mar 2012 Evaluate

Era Infra Engineering is currently trading at Rs. 141.00, up by 1.25 points or 0.89% from its previous closing of Rs. 139.75 on the BSE.

The scrip opened at Rs. 141.10 and has touched a high and low of Rs. 142.00 and Rs. 140.80 respectively. So far 26,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 195.40 on 20-Apr-2011 and a 52 week low of Rs. 132.00 on 27-Feb-2012.

Last one week high and low of the scrip stood at Rs. 142.00 and Rs. 137.20 respectively. The current market cap of the company is Rs. 2,563.00 crore.

The promoters holding in the company stood at 58.92% while Institutions and Non-Institutions held 6.67% and 34.41% respectively.

Era Infra Engineering has been awarded a contract with an estimated cost of Rs 559.90 crore by Delhi Metro Rail Corporation (DMRC) for design and construction of tunnel by Shield TBM and Lal Qila & Kashmere Gate Stations by Cut and Cover method between Jama Masjid and Kashmere Gate for underground works under the Delhi MRTS project of Phase-III in joint venture with Metrostroy.

Era Infra Engineering, incorporated in September 1990, is the flagship company of the Era Group. The company is a growing construction company with a pan-India presence and has experience in various kinds of construction projects such as power, housing, road, industrial and aviation.

Peers
Company Name CMP
Larsen & Toubro 4056.15
Rail Vikas Nigam 300.40
NCC 167.30
KEC International 570.00
Kalpataru Projects 1261.65
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