Unity Infraprojects jumps on bagging various orders

11 Aug 2011

Unity Infraprojects is currently trading at Rs. 56.30, up by 2.30 points or 4.26% from its previous closing of Rs. 54.00 on the BSE.

The scrip opened at Rs. 54.90 and has touched a high and low of Rs. 57.50 and Rs. 54.90 respectively. So far 5,364 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 121.00 on 13-Sep-2010 and a 52 week low of Rs. 51.10 on 08-Aug-2011.

Last one week high and low of the scrip stood at Rs. 58.00 and Rs. 51.10 respectively. The current market cap of the company is Rs. 417.00 crore.

The promoters holding in the company stood at 62.72% while Institutions and Non-Institutions held 19.04% and 18.25% respectively.

Unity Infraprojects has bagged the total order worth Rs 252.91 crore. The company has bagged first order for civil and structural work for parking and office building of Commercial Development works for Project name 'R City Ph2' LBS Marg, Ghatkopar (W) Mumbai by R Mall Developers and the said project is to be completed within a period of 18 months. The project value is Rs 62.20 crore. The second one is for the construction of Mahuar Earthen Dam, Central Slipway and two nos. Head Sluices in District Shivpuri, Madhya Pradesh by Water Resources Department, Government of Madhya Pradesh. The awarded contract value is Rs 76.60 crore.

The company has also bagged another order for construction of towers T16, T17 and T24 to T28 (seven towers) along with associated basement at Noida by Paras Buidtech and the said project is to be completed within a period of 18 months. The awarded contact value is Rs 87.13 crore. Also the company bagged an order for extension of existing Drugs Controller's Office at palace Road, Bangalore by Karnataka Power Corporation and the said project is to be completed within a period of 18 months. The project value is Rs 19.98 crore.

Besides, the last order is for civil and structural works for proposed Project at Induri, Pune, Maharashtra by Cadbury India. The said project is to be completed within a period of 6 months and the awarded contract value is Rs 7.00 crore.

Unity Infraprojects is one of the largest civil contractors in India. It is the flagship unit of the Mumbai-based KK Group of Companies, which has its interests spread across a wide spectrum of businesses such as concrete block manufacturing, quarrying, hotel and organized retailing industries.

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