A2Z Infra Engineering advances on bagging order worth $9.43 million in Tanzania

05 Jun 2017

A2Z Infra Engineering is currently trading at Rs. 42.40, up by 0.60 points or 1.44% from its previous closing of Rs. 41.80 on the BSE.

The scrip opened at Rs. 42.05 and has touched a high and low of Rs. 42.85 and Rs. 41.55 respectively. So far 90,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 52.70 on 26-Apr-2017 and a 52 week low of Rs. 25.00 on 03-Jun-2016.

Last one week high and low of the scrip stood at Rs. 43.30 and Rs. 38.80 respectively. The current market cap of the company is Rs. 614.59 crore.

The promoters holding in the company stood at 40.83%, while Institutions and Non-Institutions held 11.06% and 48.11% respectively.

A2Z Infra Engineering has been awarded a contract from Rural Energy Agency of The United Republic of Tanzania for Supply and installation of Medium and Low Voltage lines, Distribution Transformers and connection of customers in Chamwino, Kondoa & Mpwapwa in Dodoma Region of the United Republic of Tanzania on Turnkey basis under Turnkey Phase III at a contract price aggregating to $9,429,351.

Recently, the company had been awarded three contracts from Chhattisgarh State Power Distribution Company (CSPDCL). The aggregate value of the said contracts was Rs 222.57 crore. The contract was for execution of works for Supply of material and erection of lines & substations under IPDS of Durg, Raipur and Bilaspur Region in the state of Chhattisgarh.

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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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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