{"id":120969,"date":"2024-03-18T13:11:06","date_gmt":"2024-03-18T07:41:06","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=120969"},"modified":"2024-03-18T14:20:08","modified_gmt":"2024-03-18T08:50:08","slug":"infra-stock-hits-5-upper-circuit-after-receiving-work-orders-worth-407-cr-in-andaman-nicobar-islands","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/infra-stock-hits-5-upper-circuit-after-receiving-work-orders-worth-407-cr-in-andaman-nicobar-islands\/","title":{"rendered":"Infra stock hits 5% upper circuit after receiving work orders worth \u20b9 407 Cr in Andaman Nicobar Islands\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-521313879\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Infra stock engaged in the business of civil &amp; defence design and construction activities hit a 5 percent upper circuit in the day\u2019s trade upon receiving two work orders worth Rs. 407 Crores in the Andaman Nicobar Islands.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1928011408\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>With a market capitalization of Rs. 201 Crores, the shares of RKEC Projects Limited hit a 5 percent in the day\u2019s trade at Rs. 83.90.&nbsp;<\/p><p>RKEC Projects Limited has received 2 work orders, the first work order is worth Rs. 198.50 Crores for the rehabilitation, up-gradation, and completion of balance work of section from km 155.00 to km 181.00 of NH-4 to intermediate Lane\/2- Lane with hard shoulders in the UT of Andaman &amp; Nicobar Islands on EPC basis.&nbsp;<\/p><p>The second work order is worth Rs. 207.99 Crores for the Construction of Balance Works of a Major Bridge over Middle Strait Creek connecting South Andaman &amp; Baratang Island in the Union Territory of the Andaman &amp; Nicobar Islands.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2125000174\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>RKEC Projects Limited is engaged in the business of civil &amp; defence design and construction activities such as marine works, bridges, buildings, highways, oil and gas pipelines, and many more.&nbsp;<\/p><p>Its revenue from operations grew by 43.77 percent from Rs. 209 Crores in FY22 to Rs. 300 Crores in FY23, accompanied by increasing profits of Rs. 6 Crores to Rs. 12 Crores.&nbsp;<\/p><p>It has reported a return on equity (ROE) of 11.9 percent and a return on capital employed (ROCE) of 18.9 percent, it is making decent returns on its equity and capital employed.&nbsp;<\/p><p><strong>Written by: Bharath K.S\u00a0<\/strong><\/p><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-1876740766\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Infra stock engaged in the business of civil &amp; defence design and construction activities hit a 5 percent upper circuit in the day\u2019s trade upon receiving two work orders worth Rs. 407 Crores in the Andaman Nicobar Islands.&nbsp; With a market capitalization of Rs. 201 Crores, the shares of RKEC Projects Limited hit a 5 [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":117840,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,13525],"tags":[],"class_list":["post-120969","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-stock-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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