A2Z Infra spurts on new order win

A2Z Infra Engineering gained 5.65% at Rs 35.50 at 14:52 IST on BSE after the company said it has received a contract worth Rs 41.33 crore.

The announcement was made during market hours today, 22 November 2016.

Meanwhile, the S&P BSE Sensex was up 175.01 points or 0.68% at 25,940.15

On BSE, so far 1.75 lakh shares were traded in the counter as against average daily volume of 2.48 lakh shares in the past one quarter. The stock hit a high of Rs 35.85 and a low of Rs 33.10 so far during the day. The stock had hit a 52-week high of Rs 51.65 on 1 November 2016. The stock had hit a 52-week low of Rs 16.50 on 12 February 2016.

The small-cap company has equity capital of Rs 129.62 crore. Face value per share is Rs 10.

A2Z Infra Engineering said that a contract has been awarded to the company by Chhattisgarh State Power Transmission Company for construction of 132 kilovolt S/S Bijapur and associated EHV Line on turnkey basis. The aggregate value of the contract is Rs 41.33 crore.

A2Z Infra Engineering reported a net loss of Rs 18.75 crore in Q1 June 2016, lower than net loss of Rs 34.21 crore in Q1 June 2015. Net sales surged 148.5% to Rs 202.70 crore in Q1 June 2016 over Q1 June 2015.

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

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