Work orders reflect company growth by indicating increased business opportunities and revenue streams. When a company secures work orders, it signifies customer trust, expansion of projects, and a positive outlook for future earnings, contributing to overall financial stability and the potential for enhanced market presence and growth.
Here are the companies that received work orders in the past month:
Waaree Renewable Technologies Ltd
Waaree Renewables Technologies Ltd is in the business of generating power from renewable energy sources and also offers consultation services in this respect. The company’s Gujarat factories have the greatest solar panel production capacity in India, at 12GW.
With a market capitalization of Rs 14,769.41 crore, the shares were trading at Rs 7,090.50 per share, increased around 5.00 percent as compared to the previous closing price.
In February 2024, the company received a Letter of Award (LOA) for the execution of Engineering, Procurement, and Construction (EPC) work for a Solar power plant of 980 MWp /700 MWac on a turnkey basis worth Rs 990.60 crore.
Waaree Renewables Technologies Ltd aims to achieve 12 GW module capacity and 5.4 GW cell capacity by FY24, with more than 1.5 GW of commissioned projects. The company exports to 68 countries and has more than 1,400 licensed sales locations and franchisees in India.
The company’s revenue stood at Rs 324 crore in Q3FY24, during the same time frame, net profit stood at Rs 64 crore.
Dilip Buildcon Ltd
Dilip Buildcon Limited is engaged in the construction of infrastructure facilities on an Engineering Procurement and Construction (EPC) basis and accepts contracts from different governments and other parties, as well as special purpose entities established by the company.
With a market capitalization of Rs 6,350.85 crore, the shares were trading at Rs 441.60 per share, decreased around 1.22 percent as compared to the previous closing price.
In February 2024, the Company through Vijay Kumar Mishra Construction Pvt. Ltd.-Dilip Buildcon Limited (JV) [VKMCPL -DBL (JV)] has declared as an L-1 bidder for “Construction of Machhrewa Irrigation Project Dam and Pressurized pipe irrigation from Water Resources Department, Madhya Pradesh worth Rs 412.92 crore.
The business executed four HAM projects of Rs 24,954 million and one EPC project worth Rs 5,700 million throughout Gujarat, Karnataka, Telangana, and Chhattisgarh.
The company’s revenue stood at Rs 2,877 crore in Q3FY24, during the same time frame, net profit stood at Rs 113 crore.
PSP Projects Ltd
PSP Projects Limited is an Indian interdisciplinary construction business. The Company delivers a wide range of construction and allied services across industrial, institutional, government, and residential projects throughout India.
With a market capitalization of Rs 2,399.58 crore, the shares were trading at Rs 666.55 per share, decreased around 1.42 percent as compared to the previous closing price.
In February 2024, the company received a new work order worth Rs 630.90 Crores (excluding taxes) for the construction of Gati Shakti Vishwavidhyalaya at Vadodara for Rail Vikas Nigam Limited. With this order, the company’s total order inflow during the financial year 2023-24 till date amounts to Rs 2,626.61 Crores.
As of 9MFY24, the outstanding order book was Rs.4,443 crore, down 12% year on year due to speedier execution and completion of active projects. The firm received an order inflow of Rs.1,060 crore (excluding GST) during 9MFY24, and it was the lowest bidder (L1) in total orders worth Rs.1,222 crore.
The company’s revenue stood at Rs 697 crore in Q3FY24, during the same time frame, net profit stood at Rs 33 crore.
Written by:- Abhishek Singh
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