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Likhitha Infrastructure shines on receiving contract of Rs 34.63 crore from Indian Oil Adani Gas

01 Apr 2021 Evaluate

Likhitha Infrastructure is currently trading at Rs. 337.00, up by 17.65 points or 5.53% from its previous closing of Rs. 319.35 on the BSE.

The scrip opened at Rs. 334.55 and has touched a high and low of Rs. 348.80 and Rs. 333.00 respectively. So far 26435 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 359.00 on 23-Mar-2021 and a 52 week low of Rs. 125.00 on 15-Oct-2020.

Last one week high and low of the scrip stood at Rs. 348.80 and Rs. 311.15 respectively. The current market cap of the company is Rs. 669.66 crore.

The promoters holding in the company stood at 74.11%, while Institutions and Non-Institutions held 0.09% and 25.80% respectively.

Likhitha Infrastructure has received contract of Rs 34.63 crore (Excl. of GST) from Indian Oil Adani Gas vide its letter dated March 31, 2021 for laying Pipeline from Thrissur Geographical Area to Ernakulam Geographical Area. Accordingly, the company has received a total orders/contracts worth Rs 234.85 crore during the quarter from January 2021 to March 2021.

Likhitha Infrastructure is an oil and gas pipeline infrastructure service provider in India. The company is engaged in providing oil & gas pipelines, city gas distribution projects, Cross-Country Pipeline Projects, and operations and maintenance services as well.

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