MBL Infrastructure jumps on bagging order worth Rs 35.90 crore

01 Jul 2013

MBL Infrastructure is currently trading at Rs. 114.65, up by 4.95 points or 4.51% from its previous closing of Rs. 109.70 on the BSE.

The scrip opened at Rs. 109.60 and has touched a high and low of Rs. 118.05 and Rs. 109.60 respectively. So far 1959 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. 102.20 on 30-May-2013.

Last one week high and low of the scrip stood at Rs. 125.35 and Rs. 107.00 respectively. The current market cap of the company is Rs. 0.00 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 another order worth Rs 35.90 crore for construction of railway over bridge (ROB) by PWD, Haryana. The work order is for construction of ROB on Sonepat Purkhas Moi Road, at level crossing No. 29 on Delhi-Ambala Railway line in Sonepat district, Haryana.

The company is already executing construction of ROB on RAI Nahra Bahadurgarh road on Delhi-Ambala Railway line in Sonepat district, Haryana, construction of approaches of 2 lane ROB at Railway Level Crossing No.27-B on Delhi-Ambala Railway Line Crossing, Construction of Sonepat-Gohana Road in Sonepat district, Haryana and construction of ROB at Badkhal Chowk, Faridabad, Haryana and all other works contingent thereto. The company has successfully executed two railway under bridges (RUB) at Narela and Badli in Delhi.

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.

Related MBL Infrastructures Ltd. Links:

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719