The shares of the Infra company specializing in engineering, procurement, and construction (EPC) services for the construction of buildings and infrastructure facilities jumped upto 9 percent on multiple work orders worth Rs. 85.12 Crores.
Price action
With a market capitalization of Rs. 1,045.18 crores on Tuesday, the shares of Sathlokhar Synergys E&C Global Ltd jumped upto 9.1 percent, making a high of Rs. 440.00 per share compared to its previous closing price of Rs. 403.00 per share.
What Happened
Sathlokhar Synergys E&C Global Ltd, engaged in engineering, procurement, and construction (EPC) services for the construction of buildings and infrastructure facilities, has received multiple work orders worth Rs. 85.12 Crores.
1st Order: M/s. Vinfast Auto India Pvt. Ltd., Delhi: The company has been awarded an order for the additional execution of MEP work at Vinfast Factory, Thoothukudi, Tamil Nadu, and the total order is valued at Rs. 46.78 Crores
2nd Order: M/s. Krishca Strapping Solutions Ltd., Tamil Nadu: An order has been secured for the execution of civil works and PEB construction for a proposed warehouse project at Logos Mappedu Logistics Park, Thiruvallur. The total order value is Rs. 30.99 Crores (including GST).
3rd Order: M/s. Komatsu India Pvt. Ltd., Oragadam: The company has bagged an order for the execution of civil, PEB, and MEP works at Sipcot Industrial Park, Sriperumbudur, Chennai, for an order value of Rs. 6.87 Crores.
4th Order: M/s. Visteon Electronics India Pvt. Ltd., Chennai: The company has received an order for the execution of civil and MEP work at the proposed factory in Chengalpattu, Chennai. The total order value is Rs. 0.48 Crores (including GST).
About the Company
Sathlokhar Synergys E&C Global Ltd. is a leading engineering and construction company specializing in providing comprehensive solutions across civil, mechanical, electrical, and power sectors. The company focuses on delivering high-quality infrastructure projects with innovative and sustainable approaches.
Financials
The company’s revenue rose by 208 percent from Rs. 46 crore to Rs. 142 crore in H1FY24-25. Meanwhile, Net profit rose from Rs. 4 crore to Rs. 16 crore during the same period.
Written By Sridhar J
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