Supreme Infrastructure inches up on completing 50% of EPC work in Panvel Indapur Road BOT Project

10 Apr 2017 Evaluate

Supreme Infrastructure India is currently trading at Rs. 86.00, up by 0.40 points or 0.47% from its previous closing of Rs. 85.60 on the BSE.

The scrip opened at Rs. 86.50 and has touched a high and low of Rs. 88.30 and Rs. 85.10 respectively. So far 9770 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 123.85 on 21-Jun-2016 and a 52 week low of Rs. 68.30 on 29-Nov-2016.

Last one week high and low of the scrip stood at Rs. 90.00 and Rs. 85.00 respectively. The current market cap of the company is Rs. 218.69 crore.

The promoters holding in the company stood at 38.42%, while Institutions and Non-Institutions held 31.63% and 29.96% respectively.

Supreme Infrastructure India has achieved the desired milestone of NHAI, being completion of fifty percent of the EPC work in the Panvel Indapur Road BOT Project as per the independent engineer of NHAI. Last four months have seen a progress of around seven percent on ground. The balance EPC work would be loan financed by NHAI for which all the required formalities in this regard are completed.

NHAI has already granted the extension in the concession period by three years. The company is executing the EPC work and the balance EPC work of approximately Rs 559 crore would be executed by the company and it is expected to achieve full completion of the project by March 2018.

Besides, the company has completed construction of one way flyover at Mankoli Junction on NH-3 Thane - Nashik road. The flyover was inaugurated by Chief Minister of Maharashtra, Devendra Fadnavis on April 8, 2017.

Supreme Infrastructure India is a Mumbai-based construction player focusing on roads and buildings. The company has a backward integrated business model with access to key raw materials required for its road construction business, which gives it an edge over others and helps earn higher margins.

 

Supreme Infra. India Share Price

65.83 3.13 (4.99%)
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