The shares of this engineering company rose to an intraday high of Rs. 187.45 from a day low of Rs. 175.10 in NSE after receiving an order worth Rs.12.58 crores from National Aluminium Company Limited.
With a market capitalization of 261.01 crores, the shares of Konstelec Engineers Limited closed at Rs. 180.90 per share increasing above 1.5% as compared to the closing price of Rs. 178.15 per share on monday.
Reason for rise:
The movement in Tuesday’s session was observed after Konstelec Engineers Limited received an order amounting to Rs. 12.58 Crores from National Aluminium Company Limited (NALCO) for Instrumentation work.
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Financial Performance:
For the year ended 31st march 2024, the company reported an increase of 17.99 % in net profit where it rose to Rs. 8.92 crores from Rs. 7.78 crores in the year 2023. Revenue from operations also rose by 40% to Rs. 215.32 crores from Rs. 153.4 crores in the same period. The company also has institutional investors as their shareholders where FIIs & DIIs collectively hold about 4.14%.
Recent Orders:
Recently in September 2024, Konstelec Engineers Limited received an amounting to Rs. 6.99 crores order from Talcher Fertilizers Limited for the supply cum erection of electrical works in Odisha.
About the Company:
Incorporated in 1995 Konstelec Engineers Limited has a presence in the field of engineering, material procurement for construction, system maintenance and optimization, project management and construction. The company provides services to big names in India like Adani, NBCC, Reliance Infocom and manages other Indian and foreign projects too.
Written By: Joseph Pv
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