Share prices of this engineering, procurement and construction company moved up by over 2 percent in the afternoon trading session on Tuesday.
With a market cap of Rs. 2,709 crore, the share prices of VPRPL moved up by 1.52 percent and closed at Rs. 217.15 from its previous close of Rs. 213.9. The stock has given over 49 percent of returns since it got listed but 0.14 percent of negative returns, so far in 2024.
In a recent filing with stock exchanges, Vishnu Prakash R Punglia Ltd (VPRPL) announced bagging an order worth Rs. 116.56 crore from North Western Railway. It has secured a Letter of Award (LoA) from the DRM office of North Western Railway, Jodhpur, Rajasthan.
According to the project details mentioned, the order is related to the construction of FOB (Foot Over Bridge) at a total of 14 locations including Barmer, Didwana, and Nagaur, over IR tracks.
The construction work will be performed to provide end-to-end connectivity under the Amrit Bharat station Scheme over the Jodhpur Division.
Before this, Vishnu Prakash R Punglia received a Letter of Award from the government of Uttarakhand for two projects. The initial project, valued at Rs. 525.49 crores, was located in Haldwani, while the second project in Kotdwar was worth Rs. 373.21 crores. The combined project cost amounted to Rs. 898.7 crores, with the objective of enhancing water supply systems in Uttarakhand.
Having a glance at the financial statements, the revenue from operations grew by 48.74 percent from Rs. 786 crores in FY21-22 to Rs. 1,168 crores in FY22-23, accompanied by an increase in profits from Rs. 45 crores in FY21-22 to Rs. 91 crores in FY22-23.
As of the September 2023 quarter, the FIIs hold 4.66 percent of the shares whereas DIIs hold 4.94 percent, aggregating to 9.6 percent of institutional holding.
Incorporated in 1986, VPRPL is one of the fastest growing infrastructure development companies in India. It received its first railway projects from the Chief Engineer Office of North Western Railway, Jaipur for Rs. 18.886 crore.
The company is engaged in the business of designing and constructing infrastructure projects for Central and State Governments, autonomous bodies, and private bodies across 9 States and 1 Union territory in India.
Written by Shivani Singh
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