A2Z Infra Engineering surges on bagging contract from Nepal Electricity Authority

03 Mar 2017

A2Z Infra Engineering is currently trading at Rs. 41.50, up by 1.70 points or 4.27% from its previous closing of Rs. 39.80 on the BSE.

The scrip opened at Rs. 41.80 and has touched a high and low of Rs. 42.45 and Rs. 41.35 respectively. So far 82,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 51.65 on 01-Nov-2016 and a 52 week low of Rs. 19.00 on 01-Apr-2016.

Last one week high and low of the scrip stood at Rs. 42.45 and Rs. 39.50 respectively. The current market cap of the company is Rs. 546.32 crore.

The promoters holding in the company stood at 45.52%, while Institutions and Non-Institutions held 12.21% and 42.27% respectively.

A2Z Infra Engineering has been awarded a contract from Grid Solar and Energy Efficiency Project, Nepal Electricity Authority for design, supply, delivery, installation, testing and commissioning of 33/11 KV Substations and 33 KV Lines, for the contract price aggregating to $7,066,613.41.

Last year in December, A2Z Infraservices, a material subsidiary of A2Z Infra Engineering had received three facility management services contacts from Delhi Metro Rail Corporation (DMRC), a joint venture of Government of India and Government of Delhi. The aggregate value of the contracts was Rs 39.31 crore, excluding Service Tax with additional increase in actual wages and corresponding EPF & ESI.

A2Z Infra Engineering (previously known as A2Z Maintenance & Engineering Services) is primarily engaged in providing Engineering, Procurement and Construction (EPC) services in power transmission and distribution sector with focus on distribution.


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A2Z Infra Share Price

4.30 0.10 (2.38%) Mar 03, 18:59
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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