Jaiprakash Associates rises on bagging order worth Rs 2,853 crore in Jammu and Kashmir

09 Jul 2018

Jaiprakash Associates is currently trading at Rs. 16.20, up by 0.50 points or 3.18% from its previous closing of Rs. 15.70 on the BSE.

The scrip opened at Rs. 16.30 and has touched a high and low of Rs. 16.55 and Rs. 16.15 respectively. So far 1614252 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 30.40 on 28-Jul-2017 and a 52 week low of Rs. 12.80 on 21-May-2018.

Last one week high and low of the scrip stood at Rs. 16.55 and Rs. 15.10 respectively. The current market cap of the company is Rs. 3940.58 crore.

The promoters holding in the company stood at 39.07%, while Institutions and Non-Institutions held 21.73% and 39.19% respectively.

Jaiprakash Associates has bagged a contract worth Rs 2,853 crore from Chenab Valley Power Projects to construct diversion tunnel and concrete face dam for a hydro-electric project in Jammu and Kashmir.

The scope of work includes construction of diversion tunnel, concrete face rockfill dam, surface and tunnel spillway, intake structure, head race tunnel and other allied structures of Pakal Dul hydroelectric project.

Jaiparaksh Associates is a diversified infrastructure company and is engaged in segments such as engineering, construction and real estate development, manufacture and marketing of cement, hospitality and sports management.

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