Thursday, 9 January 2014

Jaihind Projects soars on bagging three orders worth Rs 48.27 crore

Jaihind Projects is currently trading at Rs. 14.45, up by 0.60 points or 4.33% from its previous closing of Rs. 13.85 on the BSE.

The scrip opened at Rs. 13.48 and has touched a high and low of Rs. 14.45 and Rs. 13.48 respectively.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 43.65 on 10-Jan-2013 and a 52 week low of Rs. 12.25 on 10-Dec-2013.

Last one week high and low of the scrip stood at Rs. 14.90 and Rs. 13.32 respectively. The current market cap of the company is Rs. 14.10 crore.

The promoters holding in the company stood at 66.35% while Non-Institutions held 33.65% stake in the company.

Jaihind Projects has bagged two Work orders worth Rs 44.56 crore from Indian Oil Corporation (IOC), which includes work order worth Rs 30.39 crore for Composite Mainline and combined station works for re-routing of existing Barauni-Kanpur Pipeline in different stretches between Mughalsarai & Kanpur for dedicated Freight corridor of Indian Railway, and work order worth Rs 14.17 crore for laying of 18 OD, 64Km (app.) cross country crude oil pipeline by extending existing loop lines Group-B-from Dumri to Barauni (about 27 kms) and other associated works.

Meanwhile, the company has received one work order from Gujarat State Petronet (GSPL) worth Rs 3.71 crore for Parle Connectivity Projects (6’ Dia X 5.587).

Jaihind Projects is engaged in engineering, procurement and construction (EPC) with a focus on the hydrocarbons, water & infrastructure sectors. Jaihind Projects is a public Listed Company with its shares listed on the Bombay Stock Exchange (BSE).

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