OM Metals Infraprojects jumped 6.57% to Rs 43.80 at 10:20 IST on BSE after the company announced that it was awarded a works contract totalling Rs 19.91 crore.
The announcement was made after market hours yesterday, 5 December 2016.Meanwhile, the S&P BSE Sensex was up 108.95 points or 0.41% at 26,458.05.
On the BSE, 32,584 shares were traded in the counter so far as against average daily volume of 27,622 shares in the past one quarter. The stock had hit a high of Rs 45.50 and a low of Rs 43.50 so far during the day.
The small-cap company has equity capital of Rs 9.63 crore. Face value per share is Re 1.
OM Metals Infraprojects announced that the company has been awarded a works contract for hydro mechanical works package for modernization and renovation of 180 megawatts Baira Siul hydro electric power station in Himachal Pradesh by NHPC. The contract value is Rs 19.91 crore and this contract has to be executed in 28 months time period.
Om Metals Infraprojects is a conglomerate having diverse business activities and interests related to hydro mechanical equipments, turn key solutions for steel fabrication, hydro power developments, real estate, leasing, finance, entertainment centers, hotels and tourism.
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