OM Metals trades jubilantly on receiving Letter of Award from FCI

12 Dec 2016

Om Metals Infraprojects is currently trading at Rs. 46.50, up by 2.45 points or 5.56% from its previous closing of Rs. 44.05 on the BSE.

The scrip opened at Rs. 44.60 and has touched a high and low of Rs. 49.40 and Rs. 44.60 respectively. So far 27171 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. 49.40 and Rs. 40.65 respectively. The current market cap of the company is Rs. 448.29 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 received Letter of Award (LOA) from Food Corporation of India (FCI) allowing concession for a period of 30 years at four locations Bhagalpur (Bihar), Fatehpur (UP), Malda (West Bengal) and near Siddhpur (Gujarat) for development /construction of silos of 50,000 Metric Tons (MT) capacity at each location on design, Build, finance, operate and own (DBFOO) basis for storage of wheat on fixed charge basis to the concessionaire.

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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