MBL Infra rises on bagging order for operation and maintenance of Kolaghat- Haldia road for 9 years

29 May 2013

MBL Infrastructures is currently trading at Rs. 123.30, up by 0.30 points or 0.24% from its previous closing of Rs. 123.00 on the BSE.

The scrip opened at Rs. 122.05 and has touched a high and low of Rs. 125.70 and Rs. 120.00 respectively. So far 16841 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 212.50 on 21-Jan-2013 and a 52 week low of Rs. 120.25 on 27-May-2013.

Last one week high and low of the scrip stood at Rs. 130.00 and Rs. 120.25 respectively. The current market cap of the company is Rs. 214.54 crore.

The promoters holding in the company stood at 57.39% while Institutions and Non-Institutions held 14.18% and 28.43% respectively.

MBL Infrastructure has been awarded operation and maintenance of Kolaghat- Haldia Section of NH- 41 for period of 9 years by Calcutta- Haldia Port Road Company, a SPV of National Highway Authority of India (NHAI) on revenue sharing basis. The length of the road is 52.700 kms. The project will be executed through a 100% owned subsidiary MBL (Haldia) Toll Road Company.

MBL Infrastructure has early mover advantage in operation and maintenance of road and highways. It maintained various national highways like Batwa Adda- Panagarh Section of NH-2 in the state of Jharkhand and West Bengal. The company has also executed the project of comprehensive maintenance of Ring road and outer ring road of New Delhi for 4 years under International competitive bidding.

MBL Infrastructures is engaged in the construction and maintenance of roads and highways, industrial infrastructure projects and other civil engineering projects for various government bodies and other clients. MBL has a fast growing business that provides integrated engineering, procurement and construction services for civil construction and infrastructure sector projects.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
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