Kaushalya Infrastructure strengthens on bagging contract worth Rs 51.65 crore

18 Nov 2013

Kaushalya Infrastructure Development Corporation is currently trading at Rs 3.67, up by 0.17 points or 4.86 % from its previous closing of Rs 3.50 on the BSE.

The scrip opened at Rs. 3.67 and has touched a high and low of Rs 3.67 and Rs 3.45 respectively. So far 2400 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs 10.50 on 15-Nov-2012 and a 52 week low of Rs. 3.23 on 04-Oct-2013.

Last one week high and low of the scrip stood at Rs 3.84 and Rs 3.37 respectively. The current market cap of the company is Rs. 11.95 crore.

The promoters holding in the company stood at 51.42% while Institutions held 48.58 %.

Kaushalya Infrastructure has been awarded a contract by the Government of Rajasthan for constructing a mega housing project estimated at a total cost of Rs 51.65 crore. The housing project has issued by the Rajasthan Awas Vikas Nigam, a Govt. of Rajasthan Undertaking and will require construction of EWS, LIG and MIG units under the public private partnership model.

Meanwhile, The Company's step down subsidiary/associate Flare Realty Engineers has also secured its first order worth Rs 86.74 crore for development of new township in Sadarsahar, Rajasthan on 110 Hectares Nagar Palika Land under ‘Rajasthan Township Policy’.

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