Marsons zooms on bagging EPC contract worth Rs 78 crore

08 Mar 2016 Evaluate

Marsons is currently trading at Rs. 9.90, up by 0.76 points or 8.32% from its previous closing of Rs. 9.14 on the BSE.

The scrip opened at Rs. 9.69 and has touched a high and low of Rs. 9.99 and Rs. 9.02 respectively. So far 88772 shares were traded on the counter.

The BSE group 'XD' stock of face value Rs. 10 has touched a 52 week high of Rs. 10.12 on 06-Jan-2016 and a 52 week low of Rs. 3.25 on 02-Sep-2015.

Last one week high and low of the scrip stood at Rs. 9.99 and Rs. 8.33 respectively. The current market cap of the company is Rs. 23.75 crore.

The promoters holding in the company stood at 39.69% while Non-Institutions held 60.31%.

Marsons has secured a contract worth approximately Rs 78 crore for Supplying and Installation of 18 nos 16 MVA, 33/11.5 KV, Mobile Substation with Tekelec General Trading LLC, Dubai, UAE. The completion of this contract will add new chapter in the 60 years history of Marsons and this opens up a highly lucrative opportunity of EPC business, especially in the Middle East region including the entire GCC region along with the ever-growing markets of the African Continent. Meanwhile, the company has planned a complete modernization of its current facilities in Kolkata during the coming financial year 2016-17 with an estimated expenditure of Rs 12 crore.

Marsons is one of the oldest and most reputed manufacturers of transformers in India with an infrastructure to supply transformers up to 160 MVA/220 kV class. Having supplied over 200,000 power transformers over the last six decades, Marsons is the largest transformer manufacturer in Eastern and North Eastern India.

Marsons Share Price

72.98 1.43 (2.00%)
07-Jun-2024 16:01 View Price Chart
Peers
Company Name CMP
Havells India 1854.35
Siemens 6854.05
Apar Inds 8067.85
ABB India 8031.00
CG Power & Indl.Soln 663.00
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