A2Z Infra jumps after winning contract

A2Z Infra Engineering rose 3.43% to Rs 19.60 at 11:09 IST on BSE after the company said it bagged a contract worth approximately Rs 94.87 crore from Nepal Electricity Authority.

The announcement was made during trading hours today, 12 September 2018.

Meanwhile, the S&P BSE Sensex was up 95.27 points, or 0.25% to 37,508.40.

On the BSE, 1.11 lakh shares were traded in the counter so far compared with average daily volumes of 95,000 shares in the past two weeks. The stock had hit a high of Rs 20.25 and a low of Rs 18.55 so far during the day. The stock hit a 52-week high of Rs 48.60 on 4 January 2018. The stock hit a 52-week low of Rs 18.50 on 14 May 2018.

A2Z Infra Engineering said it has been awarded a contract by Nepal Electricity Authority, a Government of Nepal undertaking, for execution of the design, supply, installation/erection, testing and commissioning of 11/0.4 kV distribution system in Nepal for an aggregate equivalent to approximate value of Rs 94.87 crore.

A2Z Infra Engineering reported net loss of Rs 24.04 crore in Q1 June 2018 as against net loss of Rs 36.36 crore in Q1 June 2017. Net sales declined 31.25% to Rs 77.04 crore in Q1 June 2018 over Q1 June 2017.

A2Z Infra Engineering is a fully integrated electrical business group (EBG) in India catering to the needs of domestic and international power sector clients in building distribution & transmission infrastructure.

Powered by Capital Market - Live News