Rolta trades jubilantly on bagging multi million dollar contract from Sadra Chemical

10 Jul 2013

Rolta India is currently trading at Rs. 59.90, up by 2.10 points or 3.63% from its previous closing of Rs. 57.80 on the BSE.

The scrip opened at Rs. 58.05 and has touched a high and low of Rs. 61.35 and Rs. 57.70 respectively. So far 209228 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 81.20 on 11-Jul-2012 and a 52 week low of Rs. 50.00 on 12-Jun-2013.

Last one week high and low of the scrip stood at Rs. 62.45 and Rs. 57.30 respectively. The current market cap of the company is Rs. 934.90 crore.

The promoters holding in the company stood at 46.25% while Institutions and Non-Institutions held 24.73% and 27.74% respectively.

Rolta India has bagged multi million dollar contract from Sadra Chemical Company to implement a comprehensive engineering system at its complex which will be the world’s largest petrochemical facility ever built in a single phase. However, the value of the contract has not been disclosed.

The company was selected for this challenging project based upon its unique combination of world class capabilities in Engineering and IT. The project will be managed by a global Rolta team working out of the United States, India and Saudi Arabia and will be completed by late 2014.

Sadra represents a unique alliance between the Saudi Arabian Oil Company (Saudi Aramco), one of the leading energy suppliers to the world, and the Dow Chemical Company, a leading science and technology company of the world.

Rolta India is a leading provider of innovative IT solutions for many vertical segments including utilities, governments, transportation, process, power, banking and insurance.

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