RInfra zooms on winning EPC contract worth Rs 441 crore

02 Apr 2018 Evaluate

Reliance Infrastructure (RInfra) is currently trading at Rs. 444.10, up by 17.35 points or 4.07% from its previous closing of Rs. 426.75 on the BSE.

The scrip opened at Rs. 424.35 and has touched a high and low of Rs. 447.65 and Rs. 424.35 respectively. So far 197710 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. 447.65 and Rs. 412.50 respectively. The current market cap of the company is Rs. 11729.35 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 won an engineering, procurement and construction (EPC) contract for Rs 441 crore from Ministry of Road Transport and Highways (MoRTH) for the rehabilitation and upgrading of National Highway-66 (formerly, National Highway - 17) in the Kashedi Ghat section which includes execution of three by three lane twin tunnels of total length 3.44 km.

Reliance Infrastructure had bid for the project in joint venture with CAI, Ukraine, globally renowned for tunnel construction. In addition to the twin tunnels, the contract also includes construction of highway with paved shoulders and viaducts for a length of 7.2 Km.

RInfra 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

280.65 1.35 (0.48%)
31-Oct-2024 16:01 View Price Chart
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