Om Metals Infraprojects spurts after winning order

Om Metals Infraprojects rose 13.40% to Rs 39.35 at 10:27 IST on BSE after the company said it won Rs 615 crore EPC contract from water resources department of Rajasthan.

The announcement was made before trading hours today, 20 December 2018.

Meanwhile, the S&P BSE Sensex was down 208.26 points, or 0.57% to 36,276.07.

On the BSE, 43,000 shares were traded in the counter so far compared with average daily volumes of 8340 shares in the past two weeks. The stock had hit a high of Rs 41.35 and a low of Rs 37.10 so far during the day. The stock hit a 52-week high of Rs 79.35 on 9 January 2018. The stock hit a 52-week low of Rs 23.05 on 10 October 2018.

Om Metals Infraprojects said it has got a letter of acceptance for the work of planning, design, drawings and construction of Isarda Dam across Banas River in village- Banetha, district Tonk, Rajasthan on engineering, procurement and construction (EPC) basis including its operation and maintenance for 5 years. The value of work order is Rs 615.16 crore and has been awarded to the company by Water Resources Department, Government of Rajasthan.

Om Metals Infraprojects reported net loss of Rs 0.23 crore in Q2 September 2018 as against net profit of Rs 16.25 crore in Q2 September 2017. Net sales rose 164.92% to Rs 70.60 crore in Q2 September 2018 over Q2 September 2017.

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, entertainment centers and hotels.

Powered by Capital Market - Live News