OM Metals Infraprojects surges on bagging order worth Rs 19.91 crore

06 Dec 2016

OM Metals Infraprojects is currently trading at Rs. 44.75, up by 3.65 points or 8.88% from its previous closing of Rs. 41.10 on the BSE.

The scrip opened at Rs. 44.50 and has touched a high and low of Rs. 45.50 and Rs. 44.40 respectively. So far 22,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 63.70 on 12-Jan-2016 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. 45.50 and Rs. 40.65 respectively. The current market cap of the company is Rs. 428.55 crore.

The promoters holding in the company stood at 70.74%, while Institutions and Non-Institutions held 3.94% and 25.32% respectively.

OM Metals Infraprojects has been awarded a works contract for Hydro Mechanical works package for modernization and renovation of Baira Siul hydro electric power station (3 X 60 MW) in Himachal Pradesh by NHPC. The contract value is Rs 19.91 crore and this contract has to be executed in 28 months time period.

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
SEBI Registered: Investment Adviser - INA000013323
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