Share price of a company engaged in the field of railway infrastructure development moved up by nearly 4.97 percent hitting a new all-time high of Rs. 137.25 on Thursday, compared to its previous close of Rs. 130.75, after the company bagged an order.
With a market cap of Rs. 359.67 crore, shares of BCPL Railway Infrastructure Ltd. opened at Rs. 137.25 on February 1st. The company has delivered positive returns of more than 123.5 percent in the last six months, compared to nearly 209.82 percent of positive returns in the last one year. So far in 2024, it has given around 24.1 percent of returns.
According to the recent filings on BSE, BCPL Railway Infras signed a new agreement for the execution of an engineering, procurement and construction (EPC) project.
As mentioned in the filing, this contract was received for the work of EPC and the commissioning of 25 kV, 50 Hz, Single Phase, AC, Electrification work including OHE, TSS, SCADA and CLS panel works.
The total cost of the project is Rs. 82.66 crore, and is expected to be executed over a period of 546 days. The work of EPC is in Abhayapuri – Gauripur single line section under the Alipurduar and Rangiya division of N.F. Railway.
In terms of financials, the revenue from operations of BCPL increased by 15.83 percent from Rs. 19.83 crore in the September 2023 quarter to Rs. 22.97 crore in the December 2023 quarter, accompanied by an 18.5 percent increase in net profit to Rs. 2.05 crore in the December 2023 quarter from Rs. 1.73 crore in the September 2023 quarter.
As of December 2023, the Public holds 26.71 percent of the shares in the company, and the Promoters’ holding remains unchanged at 73.30 percent from the December 2022 quarter.
The business activities of BCPL Railway Infrastructure Limited, formerly known as Bapi Construction Electrical Engineering Pvt. Ltd., include designing, drawing, supplying, erecting and commissioning of 25KV, 50 Hz Single Phase Traction Overhead Equipment.
Written by Shivani Singh
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