Valecha Engineering shines on bagging project worth Rs 176.29 crore

25 Nov 2013

Valecha Engineering is currently trading at Rs. 35.85, up by 1.50 points or 4.37% from its previous closing of Rs. 34.35 on the BSE.

The scrip opened at Rs. 35.85 and has touched a high and low of Rs. 35.85 and Rs. 35.10 respectively. So far 3699 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 67.80 on 16-Jan-2013 and a 52 week low of Rs. 17.60 on 05-Aug-2013.

Last one week high and low of the scrip stood at Rs. 42.00 and Rs. 34.15 respectively. The current market cap of the company is Rs. 70.00 crore.

The promoters holding in the company stood at 48.32% while Institutions and Non-Institutions held 5.89% and 43.89% respectively.

Valecha Engineering has bagged Project worth Rs. 176.29 crore in the Hydro Power Tunnelling Segment from NHPC for Construction of Balance Civil Works of Head Race Tunnel by DBM, Associated Works and HM Works (Lot PB 2B) of Parbati HE Project, Stage II in Himachal, Pradesh.With the Bagging of this Project the Tunnelling Segment constitute 10% of the Order Book of the Company.

Valecha Engineering is engaged in the construction of major infrastructure and engineering projects such as irrigation dams, reservoirs and canals, roads, highways and expressways, bridges and tunnels, railways, airports and foundation and piling works.

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