RInfra surges on winning EPC contracts of over Rs 5000 crore in Bangladesh

06 Dec 2017 Evaluate

Reliance Infrastructure (RInfra) is currently trading at Rs. 447.30, up by 4.40 points or 0.99% from its previous closing of Rs. 442.90 on the BSE.

The scrip opened at Rs. 442.90 and has touched a high and low of Rs. 452.45 and Rs. 438.90 respectively. So far 66404 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 630.00 on 12-May-2017 and a 52 week low of Rs. 390.60 on 15-Nov-2017.

Last one week high and low of the scrip stood at Rs. 461.40 and Rs. 430.50 respectively. The current market cap of the company is Rs. 11617.58 crore.

The promoters holding in the company stood at 49.74%, while institutions and non-institutions held 37.07% and 13.19% respectively. 

RInfra has won two prestigious EPC contracts in Bangladesh together valued at Rs 5,000 crore. The projects were won on International Competitive Bidding (ICB). Both the contracts are to be executed in a project schedule of 24 months, and are to be completed by 2019.

The first EPC contract includes setting up the entire infrastructure of a 750 MW LNG-based combined cycle power plant at Meghnaghat (Dhaka), while the second project is for building a 500 MMSCFD floating storage regasification unit (FSRU) based integrated LNG terminal project at Kutubdia Island, both in Bangladesh.

The contracts for both the projects entail design, engineering, supply, transportation, erection, testing and commissioning processes. The integrated LNG terminal project works would include setting up jetty and onshore and offshore gas pipelines.

Reliance Infrastructure is one of the largest infrastructure companies, developing projects through various Special Purpose Vehicles (SPVs) in several high growth sectors such as Power, Roads and Metro Rail in the Infrastructure space and the Defence sector.

Reliance Infra Share Price

247.90 -9.80 (-3.80%)
21-Nov-2024 16:59 View Price Chart
Peers
Company Name CMP
NTPC 356.10
Tata Power 408.45
Power Grid Corp 325.80
Adani Power 476.15
Torrent Power 1583.00
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt. Ltd.