RInfra moves up on receiving LOA worth Rs 774 crore

19 Apr 2018 Evaluate

Reliance Infrastructure (RInfra) is currently trading at Rs. 463.40, up by 3.95 points or 0.86% from its previous closing of Rs. 459.45 on the BSE.

The scrip opened at Rs. 458.05 and has touched a high and low of Rs. 464.60 and Rs. 458.05 respectively. So far 47371 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. 465.50 and Rs. 449.25 respectively. The current market cap of the company is Rs. 12150.14 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 has received the Letter of Award (LOA) from Rail Vikas Nigam (RVNL) for its maiden railway project worth Rs 774 crore for the construction of third rail line between Jimidipeta and Gotlam on East Coast Railway on Engineering, Procurement and Construction (EPC) basis.

The 105 km-long line will run in Andhra Pradesh and Odisha. The scope of work includes Civil, Track, Electrification, Signalling and Telecom works of the rail line. The scope of work also includes construction of 13 railway stations and staff quarters.

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

302.50 13.25 (4.58%)
24-Dec-2024 16:59 View Price Chart
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