Tantia Constructions surges on securing order worth Rs 31.40 crore

20 Mar 2012

Tantia Constructions is currently trading at Rs. 45.10, up by 0.50 points or 1.12% from its previous closing of Rs. 44.60 on the BSE.

The scrip opened at Rs. 45.45 and has touched a high and low of Rs. 46.90 and Rs. 44.55 respectively. So far 12269 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. 46.90 and Rs. 43.40 respectively. The current market cap of the company is Rs. 72.94 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 bagged order worth Rs 31.40 crore from South Eastern Railway, Kolkata for earth work in formation including blanketing, construction of minor bridges (RCC Boxes and Hume pipes etc.), level crossing, drains and other connected works in between Ch: 3300m to Cli: 7500m (excluding approaches of major bridges i.e. from 3445m to 4148m and 6813m to 7261m in connection with Khana-Bowaichandi new line.

Recently, the company 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.

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

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