Valecha Engineering surges on bagging projects worth Rs 398.03 crore

17 Feb 2016

Valecha Engineering is currently trading at Rs. 32.30, up by 2.00 points or 6.60% from its previous closing of Rs. 30.30 on the BSE.

The scrip opened at Rs. 32.20 and has touched a high and low of Rs. 33.45 and Rs. 32.00 respectively. So far 32,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 118.50 on 18-Feb-2015 and a 52 week low of Rs. 23.75 on 12-Feb-2016.

Last one week high and low of the scrip stood at Rs. 33.45 and Rs. 23.75 respectively. The current market cap of the company is Rs. 72.77 crore.

The promoters holding in the company stood at 33.55% while Institutions and Non-Institutions held 20.70% and 45.75% respectively.

Valecha Engineering, a leading infrastructure development company bagged two projects worth Rs 398.03 crore. The company has secured first order worth Rs 308.77 crore for the rehabilitation and up-gradation of NH-43 from km 130 to km 180 (Kanker to Bedma section) to two lane with paved shoulder in the state of Chhattisgarh under NHDP-IV on EPC basis.

The company has won another order worth Rs 89.26 crore for construction of Rail Flyover for Harbouor line at Kurla in connection with Mumbai CST-Kurla 5th and 6th lines project. This order has been bagged by joint venture (JV) ‘Valecha-RE Infra’.

Valecha Engineering is engaged in the construction of major infrastructure and engineering projects such as irrigation dams, reservoirs and canals, roads, highways and expressways, bridges and tunnels, railways, airports and foundation and piling works.


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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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