Unity Infraprojects jumps on bagging four order aggregating Rs 402.80 crore

10 Oct 2011

Unity Infraprojects is currently trading at Rs. 42.75, up by 1.45 points or 3.51% from its previous closing of Rs. 41.30 on the BSE.

The scrip opened at Rs. 46.00 and has touched a high and low of Rs. 46.00 and Rs. 42.75 respectively. So far 12,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 117.10 on 13-Oct-2010 and a 52 week low of Rs. 40.30 on 05-Oct-2011.

Last one week high and low of the scrip stood at Rs. 46.00 and Rs. 40.30 respectively. The current market cap of the company is Rs. 316.00 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 four orders aggregating to Rs 402.80 crore. One of the order is for construction of roadbed, major and minor bridges, tunnel, truck linking (excluding supply of rails, thick web switches and line PSC sleepers) and OHE & General Electrical works in connection with construction of 3rd Line between Goelkera - Posoita (15.9 Km) in Chakradharpur division of South Eastern Railway in the State of Jharkhand, India by Rail Vikas Nigam, 24, Deshpran Shasmal Road, Kolkata -700033 and the said project is to be completed within a period of 24 months. The project value is Rs 135.28 crore.

The second order is for development of 'Marvel Edge' project at Virman Nagar Pune, by Marvel Edge Realtors, Pune and the said project is to be completed within a period of 11 months. The awarded contract value is Rs 47.94 crore.

Company’s third order is for constructing distributaries and minors for the command area under Botad Brnach Canal ch. 22.605 to 59.152 km (LD-5 to LD-13 & LM-1 to LM-3) by Sardar Sarovar Narmada Nigam and the project is to be completed within a period of 18 months. The project value is Rs 83.81 crore. The company has also received order for construction of buildings for various schools including site development and bulk services at Central University at Karnataka at Gularga by RITES and the said project is to be completed within a period of 24 months. The awarded contract value is 135.77 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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