Om Metals Infraprojects soars on bagging order from Amravati Project Construction

02 Dec 2019

Om Metals Infraprojects is currently trading at Rs. 24.90, up by 1.25 points or 5.29% from its previous closing of Rs. 23.65 on the BSE.

The scrip opened at Rs. 24.90 and has touched a high and low of Rs. 26.75 and Rs. 24.90 respectively. So far 7047 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 42.20 on 24-Dec-2018 and a 52 week low of Rs. 13.31 on 01-Aug-2019.

Last one week high and low of the scrip stood at Rs. 26.75 and Rs. 20.00 respectively. The current market cap of the company is Rs. 239.80 crore.

The promoters holding in the company stood at 71.01%, while Institutions and Non-Institutions held 0.86% and 28.13% respectively.

Om Metals Infraprojects has got a letter of acceptance (LoA) from Amravati Project Construction Division for work related to engineers, procurement and construction of civil, mechanical, and electrical works for pressurized pipe distribution network of lower pedhi project including survey, planning and design of system, HSCADA, formations and capacity building of WUAs and operation and maintenance for 5 years after completion. The value of the work order is Rs 240.07 crore.

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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