The shares of Contracting and Project Management engineering stock hit a 5 percent upper circuit in the day’s trade after receiving an order worth Rs 16.52 Cr for civil construction contracts.
Price movement
With the market capitalization of Rs 61.76, the shares of Conart Engineers Ltd hit a 5 percent upper circuit in the day’s trade at Rs. 98.34 per share from its previous day’s close price of Rs. 93.66.
What Happened
Conart Engineers Ltd has won two civil construction contracts from Silox India Private Limited at Dahej, boosting its role in industrial infrastructure. The first project, worth Rs. 7.49 crores, includes building a 2.7-meter-high, 1.5 km-long compound wall with barbed wire fencing, and it is expected to be completed within 12 months.
The second contract involves site grading and earthwork on a 34.76-acre plot of 2.5 lakh cubic meters, filling with yellow soil, and clearing bushes and stumps. This project, valued at Rs. 9.03 crores, is expected to be completed within 6 months, showcasing CONART’s large-scale project capabilities
About company
Conart Engineers Ltd is one of India’s well-established and trusted names in building and civil construction, providing project management services for industrial, commercial, and residential construction projects.
Financials
The company reported a revenue of Rs 14.16 crores in Q3 FY25, up by 2.83 percent from its Q3 FY24 revenue of Rs 13.77 crores. It posted a net profit of Rs 0.21 crore in Q3 FY25, down by 82 percent, from its Q3 FY24 net profit of Rs 1.16 crores.
Written By Sanjay G
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