Om Metals Infraprojects shines as its JV receives LOl worth Rs 324.97 crore

09 Jul 2015 Evaluate

Om Metals Infraprojects is currently trading at Rs 42.05, up by 3.20 points or 8.24% from its previous closing of Rs 38.85 on the BSE.

The scrip opened at Rs 39.30 and has touched a high and low of Rs 42.70 and Rs 38.80 respectively. So far 83010 shares were traded on the counter.

The BSE group 'B ' stock of face value Rs. 1 has touched a 52 week high of Rs. 48.00 on 09-Apr-2015 and a 52 week low of Rs. 24.10 on 28-Aug-2014.

Last one week high and low of the scrip stood at Rs. 42.70 and Rs. 30.00 respectively. The current market cap of the company is Rs. 406.40 crore.

The promoters holding in the company stood at 69.63% while Institutions and Non-Institutions held 4.36% and 26.01% respectively.

Om Metals Infraprojects in Joint Venture (JV) with SPML Infra has secured Letter of intent ( LOI) from Vikram Udyogpuri (SPV of Government of Madhya Pradesh) a work contract for, external and internal infra work relating to roads, lighting, water supply and other allied works on 1000 acre township for the accepted contract amount of Rs 324.97 crore. Earlier, the Madhya Pradesh government in a bid to start the development of the main infrastructure for the state's (Madhya Pradesh) first smart city Vikram Udyogpuri near Ujjain invited bids from private players.

Om Metals Infraprojects has flourished into a front-runner hydro-mechanical engineering company in the country with many achievements to its credit. The company is engaged in Infra projects like Road, Dam and diversified in real estate projects comprising of residential, commercial, entertainment, leisure and hotel formats in the country.

Om Infra Share Price

166.35 -5.65 (-3.28%)
20-Dec-2024 16:59 View Price Chart
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