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Alliance Integrated Metaliks inches up on receiving work order from Jsc Ia Vozrozhdenie India

10 Feb 2023 Evaluate

Alliance Integrated Metaliks is currently trading at Rs. 28.30, up by 0.35 points or 1.25% from its previous closing of Rs. 27.95 on the BSE.

The scrip opened at Rs. 30.00 and has touched a high and low of Rs. 30.00 and Rs. 25.30 respectively. So far 438 shares were traded on the counter.

The BSE group 'X' stock of face value Rs. 1 has touched a 52 week high of Rs. 51.50 on 26-Sep-2022 and a 52 week low of Rs. 6.20 on 10-Feb-2022.

Last one week high and low of the scrip stood at Rs. 31.85 and Rs. 25.30 respectively. The current market cap of the company is Rs. 324.57 crore.

The promoters holding in the company stood at 71.35%, while Institutions and Non-Institutions held 3.80% and 24.85% respectively.

Alliance Integrated Metaliks has received a work order from Jsc Ia Vozrozhdenie India for the project related to the construction of 2 -lane road of Potin to Pangin section of NH -13 in the state of Arunachal Pradesh. 

The company scope of work includes Supply, Fabrication, Painting, transportation and erection of 130m span (25+80+25) steel superstructures at Ch. 163+590 to 206+660 (Pkg-05) and any other work incidental or ancillary work. This order has further substantiated the credentials of the company in the Fabrication and Erection Segment.

Alliance Integrated Metaliks is engaged in the manufacturing of steel with its concentration in manufacturing specialty steel and alloy products catering primarily to automobile applications and also for Industrial, Engineering Applications to a limited extend.

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