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Om Metals Infraprojects zooms on receiving LoA for contract worth Rs 615.16 crore

20 Dec 2018 Evaluate

Om Metals Infraprojects is currently trading at Rs. 39.25, up by 4.55 points or 13.11% from its previous closing of Rs. 34.70 on the BSE.

The scrip opened at Rs. 37.10 and has touched a high and low of Rs. 41.35 and Rs. 37.10 respectively. So far 34810 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 79.35 on 09-Jan-2018 and a 52 week low of Rs. 23.05 on 10-Oct-2018.

Last one week high and low of the scrip stood at Rs. 41.35 and Rs. 31.00 respectively. The current market cap of the company is Rs. 378.96 crore.

The promoters holding in the company stood at 70.99%, while Institutions and Non-Institutions held 0.94% and 28.07% respectively.

Om Metals Infraprojects has received a letter of Acceptance (LoA) for the work of Planning, Design, Drawings and Construction of Isarda Dam across Banas River in Village- Banetha, District Tonk, in the state of Rajasthan on EPC basis including its operation and maintenance for 5 years. The value of contract order is Rs 615.16 crore and has been awarded to the company by Water Resources Department, Government of Rajasthan.

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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