RInfra gains on wining EPC contract of Rs 882 crore for road project

30 Jan 2018 Evaluate

Reliance Infrastructure is currently trading at Rs. 510.45, up by 0.55 points or 0.11% from its previous closing of Rs. 509.90 on the BSE.

The scrip opened at Rs. 508.50 and has touched a high and low of Rs. 519.10 and Rs. 505.00 respectively. So far 220067 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. 525.00 and Rs. 501.30 respectively. The current market cap of the company is Rs. 13491.39 crore.

The promoters holding in the company stood at 49.60%, while Institutions and Non-Institutions held 37.64% and 12.77% respectively.

Reliance Infrastructure (RInfra) has received the Letter of Award (LOA) from the National Highways Authority of India (NHAI) for the six-laning of Aurangabad to Bihar–Jharkhand border (Chordaha) section of NH-2 in Bihar after it emerged as the lowest bidder for the development of the project on engineering, procurement and construction (EPC) basis.

The project for six-laning km. 180.000 to km. 249.525 on NH-2 in Bihar is under the Government of India's flagship National Highway Development Program (phase V) and is funded by NHAI. The infrastructure major, one of the largest NHAI concessionaires, after quoting Rs 882 crore for the project, was declared the successful bidder. The scope of work includes design, engineering, procurement and construction of six-lane highway and associated bridges with paved shoulders. The overall schedule for project is 24 months from the appointed date.

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

291.60 11.65 (4.16%)
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