MBL Infra surges on bagging five orders worth Rs 206 crore

31 May 2012

MBL Infrastructures is currently trading at Rs. 181.00, up by 3.90 points or 2.20% from its previous closing of Rs. 177.10 on the BSE.

The scrip opened at Rs. 175.40 and has touched a high and low of Rs. 181.00 and Rs. 175.40 respectively.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 200.00 on 15-Mar-2012 and a 52 week low of Rs. 93.10 on 19-Dec-2011.

Last one week high and low of the scrip stood at Rs. 185.90 and Rs. 175.40 respectively. The current market cap of the company is Rs. 310.17 crore.

The promoters holding in the company stood at 57.32% while Institutions and Non-Institutions held 16.03% and 26.65% respectively.

MBL Infrastructures has bagged five orders aggregating worth Rs 206 crore. The first order is for construction of Sarai Station on Badarpur - Faridabad corridor of Delhi MRTS Phase - III by Delhi Metro Rail Corporation for Rs 41.57 crore. This project marks the entry of MBL Infra in the Metro Rail.

The second order is for construction of police line and residential quarters at Kondli Check Post, Delhi by RITES for Rs 40.60 crore. While, another order worth Rs 27.25 crore has been awarded to the company for construction of 35 Units Type IV & 36 Units Type V quarters in multi storied towers for North Western Railway Officer’s Colony near Getor Jagatpura in connection with setting up North Western Zonal Railway at Jaipur

Meanwhile, the company has also bagged order worth Rs 52.51 crore for construction of Forest and Water Resources Department Buildings at Section-19 of Naya Raipur by Naya Raipur Development Authority. The final order is for construction of Assam Judicial Academy and National Law School at Amingaon, Guwahati by PWD Assam for Rs 44.00 crore.

The company is executing several projects of Railway overbridges, Railway underpasses their approaches, etc. In addition to above, MBL’s Tender has been found to be L1 for Construction of third line between Bandel and Bainchi on Eastern Railway.

MBL Infra in JV with a foreign company has submitted its first financial bid for design, procurement and construction of track etc on Eastern Dedicated Freight Corridor. MBL Infra has a well diversified order book in Roads and Highways, Housing, Railways and other Civil Engineering Projects.

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