During Tuesday’s trading session, the shares of a company engaged in the business of construction of mechanical & civil work hit a 5 percent upper circuit on NSE, after the company announced securing a work order worth Rs. 141.3 crores on EPC mode.
Price Movement
With a market capitalisation of Rs. 99 crores, the shares of Sonu Infratech Limited hit a 5 percent upper circuit at Rs. 126 on NSE, as against its previous closing price of Rs. 120.
What’s the News
According to the latest regulatory filings with the NSE, Sonu Infratech Limited has secured an order valued at Rs. 141.3 crores from Ramraja Construction Company.
The order pertains to the rehabilitation and upgradation of the existing intermediate lane flexible pavement to a two-lane paved shoulder flexible pavement, spanning from Km 0.600 (Gulganj Bypass on NH-34) to Km 43.000 (Barna River), covering a length of 42.400 km along the Gulganj-Amanganj-Pawai-Katni NH-43 Extension in Madhya Pradesh.
The project will be executed under the EPC (Engineering, Procurement, and Construction) mode, and is expected to be completed within 18 months from the receipt of the work order. The company will also provide maintenance services for 5 years from the same date.
Financials
Sonu Infratech experienced significant growth in its revenue from operations, showing a year-on-year rise of 125 percent from Rs. 20 crores in H1 FY24 to Rs. 45 crores in H1 FY25.
Similarly, its net profit increased during the same period from Rs. 1 crore to Rs. 3 crore, indicating an impressive growth of around 200 percent YoY.
About the Company
Sonu Infratech Limited is mainly engaged in the business of construction and development of mechanical & civil work.
Written by Shivani Singh
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