Era Infra Engineering rises on bagging order worth Rs 199 crore

25 Apr 2012

Era Infra Engineering is currently trading at Rs. 137.50, up by 0.20 points or 0.15% from its previous closing of Rs. 137.30 on the BSE.

The scrip opened at Rs. 138.90 and has touched a high and low of Rs. 138.90 and Rs. 137.40 respectively. So far 27259 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 190.95 on 27-Apr-2011 and a 52 week low of Rs. 120.00 on 09-Mar-2012.

Last one week high and low of the scrip stood at Rs. 138.90 and Rs. 133.00 respectively. The current market cap of the company is Rs. 2509.22 crore.

The promoters holding in the company stood at 58.92% while Institutions and Non-Institutions held 6.67% and 34.41% respectively.

Era Infra Engineering (EIEL), an integrated infrastructure company with Pan India presence has secured a contract from National Buildings Construction Corporation (NBCC) at a contracted price of Rs 199.02 crore for construction / up gradation of NICD to NCDC at 22, Sham Nath Marg, Delhi Sub Head: civil, internal & external electrification, water supply, plumbing work, fire fighting, finishing fixtures, HVAC with allied works etc. (Pkg-I).

Earlier, the company awarded a contract with an estimated cost of Rs 559.90 crore by Delhi Metro Rail Corporation (DMRC) for design and construction of tunnel by Shield TBM and Lal Qila & Kashmere Gate Stations by Cut and Cover method between Jama Masjid and Kashmere Gate for underground works under the Delhi MRTS project of Phase-III in joint venture with Metrostroy.

Era Infra Engineering, incorporated in September 1990, is the flagship company of the Era Group. The company is a growing construction company with a pan-India presence and has experience in various kinds of construction projects such as power, housing, road, industrial and aviation.


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