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Era Infra surges on bagging contract worth Rs 127.87 crore from MRVC

Era Infra Engineering Ltd. | Engineering - Construction | Construction & Infrastructure | BSE: 530323 | NSE: ERAINFRA

06 Mar 2014 Evaluate

Era Infra Engineering is currently trading at Rs. 13.30, up by 0.63 points or 4.97 % from its previous closing of Rs. 12.67 on the BSE.

The scrip opened at Rs. 12.70 and has touched a high and low of Rs. 13.30 and Rs. 12.33 respectively. So far 103988 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 160.20 on 12-Jul-2013 and a 52 week low of Rs. 12.20 on 03-Mar-2014.

Last one week high and low of the scrip stood at Rs. 13.00 and Rs. 12.20 respectively. The current market cap of the company is Rs. 236.38 crore.

The promoters holding in the company stood at 59.14 % while Institutions and Non-Institutions held 9.26 % and 31.60 % respectively.

Era Infra Engineering (EIEL), an integrated infrastructure company with Pan India presence, has been awarded a contract valuing Rs 127.87 crore (Approx.) by Mumbai Railway Vikas Corporation (MRVC) for 'Procurement of Trespassing Control measures including provision of Escalators' at Mumbai.

The company has received contract of LOT-II for Thakurli and Kalyan Station in Mumbai valuing Rs 30.14 crore. The company has received contract of LOT-III in JV with Saidutta, for Kurla and Dadar Station in Mumbai valuing Rs 60.27 crore. The company has also received contract of LOT-V for Bhayander, Vasai Road & Nallasopara Stations in Mumbai valuing Rs 37.45 crore.

Era Infra Engineering, incorporated in September 1990, is the flagship company of the Era Group. The company is a growing construction company with a pan-India presence and has experience in various kinds of construction projects such as power, housing, road, industrial and aviation.

Era Infra Engg Share Price

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Peers

Company Name	CMP
Larsen & Toubro	4054.50
Rail Vikas Nigam	299.95
NCC	161.80
KEC International	562.30
Kalpataru Projects	1242.00
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Era Infra surges on bagging contract worth Rs 127.87 crore from MRVC

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