Supreme Infrastructure rises on securing order worth Rs 283 crore

20 Apr 2012

Supreme Infrastructure India is currently trading at Rs. 340.00, up by 12.10 points or 3.69% from its previous closing of Rs. 327.90 on the BSE.

The scrip opened at Rs. 340.00 and has touched a high and low of Rs. 346.70 and Rs. 329.95 respectively. So far 9,414 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 346.70 on 20-Apr-2012 and a 52 week low of Rs. 152.50 on 15-Dec-2011.

Last one week high and low of the scrip stood at Rs. 346.70 and Rs. 288.00 respectively. The current market cap of the company is Rs. 569.00 crore.

The promoters holding in the company stood at 56.61% while Institutions and Non-Institutions held 12.57% and 30.82% respectively.

Engineering, procurement and construction player Supreme Infrastructure has bagged two orders worth Rs 283 crore in Punjab and Delhi in the highways and building construction segment. Of which, the company has bagged Rs 117 crore order for a BOT (build, operate and transfer) road project from Punjab Public Works Department while, another order worth Rs 166 crore is for building Project from Delhi Urban Shelter Improvement Board.

About the Punjab project, it said it was awarded in joint venture led by SIIL with SPML Infra. EPC work of the project will be executed by SIIL. The project will be housed in the separate SPV. The project pertains to development, operation and maintenance of Kotkapura-Muktsar Road (SH-16) on design, build, finance, operate and transfer (DBFOT) basis.

The other order, it said was bagged from Delhi Urban Shelter Improvement Board (DUSIB) for construction of 3,400 five storeyed houses for economically weaker sections under JNNURM for slum dwellers at Pocket-II, Bhalaswa Jahangir Puri, New Delhi.

Supreme Infrastructure India is engaged in the construction of highways, roads & bridges and engineering works. It also manufactures crushed metals, ready-mix concrete, asphalt and wet mix macadam. The company has been formed to undertake engineering works of unrestricted value with most of the government departments, public and private sector organizations.

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