Prakash Constrowell zooms on emerging lowest bidder for project worth Rs 585 crore

20 Apr 2018

Prakash Constrowell is currently trading at Rs. 8.06, up by 0.73 points or 9.96% from its previous closing of Rs. 7.33 on the BSE.

The scrip opened at Rs. 7.40 and has touched a high and low of Rs. 8.06 and Rs. 7.23 respectively. So far 728667 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 10.79 on 15-Jan-2018 and a 52 week low of Rs. 3.26 on 09-Aug-2017.

Last one week high and low of the scrip stood at Rs. 8.49 and Rs. 6.20 respectively. The current market cap of the company is Rs. 97.15 crore.

The promoters holding in the company stood at 27.42%, while the Non-Institutions held 72.58% stake in the company.

Prakash Constrowell has been declared L-1 (lowest) bidder by Municipal Corporation of Greater Mumbai (MCGM) for the new project Dumpsite Reclamation at Mulund Dumping Ground (MDG) in Mumbai by adopting suitable technology for existing garbage dump on April 18, 2018, with a project cost of Rs 585 crore.

Prakash Constrowell is a construction company predominantly engaged in the business of infrastructure development and civil construction.

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