OM Metals advances with JV bagging contract worth Rs 205 crore

17 Jan 2018

Om Metals Infraprojects is currently trading at Rs. 68.90, up by 0.95 points or 1.40% from its previous closing of Rs. 67.95 on the BSE.

The scrip opened at Rs. 68.00 and has touched a high and low of Rs. 71.55 and Rs. 65.90 respectively. So far 191078 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 84.35 on 03-Nov-2017 and a 52 week low of Rs. 38.30 on 22-Mar-2017.

Last one week high and low of the scrip stood at Rs. 75.40 and Rs. 65.90 respectively. The current market cap of the company is Rs. 675.57 crore.

The promoters holding in the company stood at 70.84%, while Institutions and Non-Institutions held 3.44% and 25.72% respectively.

OM Metals Infraprojects’ joint venture (JV) - Om Metals-SPML, has secured a contract for execution of the ‘Rehabilitation and Completion of Kpong Left Bank Irrigation Project’ for an amount of Rs 205 crore.

The scope of work consists of modification of existing supply canal, main Canal, cross regulators and installation of new distribution structures. The work is required to be completed in 18 months time and the project is funded by world bank (IDA).

OM Metals Infraprojects is a conglomerate having diverse business activities and interests related to Hydro mechanical equipments, turnkey solutions for steel fabrication, Hydro power developments, Real Estate, Entertainment centers and Hotels.

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