Tuesday 6 August 2013

Supreme Infrastructure soars on bagging orders worth Rs 1,111.90 crore

Supreme Infrastructure India is currently trading at Rs. 164.95, up by 7.35 points or 4.66% from its previous closing of Rs. 157.60 on the BSE.

The scrip opened at Rs. 155.55 and has touched a high and low of Rs. 169.80 and Rs. 155.50 respectively. So far 2859 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 324.00 on 10-Oct-2012 and a 52 week low of Rs. 155.00 on 02-Aug-2013.

Last one week high and low of the scrip stood at Rs. 172.00 and Rs. 155.00 respectively. The current market cap of the company is Rs. 272.90 crore.

The promoters holding in the company stood at 57.81% while Institutions and Non-Institutions held 19.23% and 22.96% respectively. Supreme Infrastructure India has bagged orders worth Rs 1,111.90 crore across India. The company has secured an order worth Rs 245.40 crore in West India, of which order worth Rs 150 crore is for carrying out sewage treatment plant (STP) and laying of sewage lines at Bhayender, Mumbai and order worth Rs 145.40 crore is for supply, testing, construction, erection of sub transmission lines on Turnkey basis at Thane, Maharashtra.

In North India, the company has won order worth Rs 509.50 crore, of which order worth Rs 208.30 crore is for construction of Gurgaon Green Project at Gurgaon, Haryana. Moreover the company has received the order worth Rs 194.20 crore for construction of houses for Army welfare Gurgaon. A road project worth Rs 17 crore has also been received in the region.

Further, the company has received contract worth Rs 50 crore for construction of Buri One Residential Complex at Zirakpur, Chandigarh. While, contract worth Rs 40 crore is for setting up a 4MW solar power plant on PPP basis at Punjab.

In East India, the company has received contract worth Rs 307 crore. Of which, The company has received contract worth Rs 212 crore for four laning of Barasat-Krishnagar in West Bengal, while it has also received EPC contract worth Rs 95 crore for construction of commercial complex in Kolkata, West Bengal.

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