Om Metals Infraprojects spurts on incorporating subsidiary company

26 Aug 2016

Om Metals Infraprojects is currently trading at Rs. 45.00, up by 0.55 points or 1.24 % from its previous closing of Rs. 44.45 on the BSE.

The scrip opened at Rs. 45.45 and has touched a high and low of Rs. 45.45 and Rs. 44.65 respectively. So far 936 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 64.70 on 13-Oct-2015 and a 52 week low of Rs. 35.70 on 26-Feb-2016.

Last one week high and low of the scrip stood at Rs. 45.70 and Rs. 43.20 respectively. The current market cap of the company is Rs. 433.37 crore.

The promoters holding in the company stood at 70.74%, while Institutions and Non-Institutions held 5.12% and 24.14% respectively.

Om Metals Infraprojects has incorporated a subsidiary company ‘Om Kerui Joint Venture’ on August 23, 2016. The company has incorporated it in order to carry on the business of service provider/equipment provider for extraction of crude petroleum and natural gas, and other incidental services in Oil & Gas sector.

Om Metals Infraprojects is the market leader in the niche segment of turnkey execution from Design, Detailed Engineering, Manufacture, Supply, Installation, Testing & Commissioning of complete range of Hydromechanical equipments for Hydroelectric Power & Irrigation projects. It has its credit more than 60 Hydro-mechanical contracts across India and overseas.

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Puchho Befikar
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