Tantia Constructions soars on bagging orders worth Rs 116.72 crore

07 Mar 2012

Tantia Constructions is currently trading at Rs. 44.50, up by 1.90 points or 4.46% from its previous closing of Rs. 42.60 on the BSE.

The scrip opened at Rs. 43.70 and has touched a high and low of Rs. 45.50 and Rs. 43.05 respectively. So far 3249 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 75.70 on 07-Apr-2011 and a 52 week low of Rs. 31.60 on 21-Dec-2011.

Last one week high and low of the scrip stood at Rs. 49.65 and Rs. 42.60 respectively. The current market cap of the company is Rs. 71.22 crore.

The promoters holding in the company stood at 53.76% while Institutions and Non-Institutions held 8.28% and 37.96% respectively. 

Tantia Constructions has secured two projects aggregating worth Rs 116.72 crore. The company has secured its first order worth Rs 69.85 crore from Municipal Corporation of Delhi, for Remodeling and Covering of Subhash Nagar Drain starting from Najafgarh Road to Najafgarh Drain.

The company has received another contract worth Rs 46.87 crore from Ministry of Physical Planning and Works, Government of Nepal for execution of Various Water Supply & Sanitation Projects in Nepal in the name of TANTIA-TUNDI (JV).

Tantia Constructions operates as an infrastructure construction company in India. It is involved in the construction, widening, conversion, maintenance, strengthening, and beautification of roadways, road bridges, highways, and flyovers.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323