During Thursday’s trading session, the shares of a company engaged in the business of providing infrastructure services are in focus after the company announced securing an order worth Rs. 2.5 crores for consultancy services of Hydro Power Project located in District Poonch, Jammu and Kashmir.
With a market cap of Rs. 60.5 crores, the shares of DMR Hydroengineering & Infrastructures Limited opened in the red at Rs. 155, down by nearly 5.4 percent, as compared to its previous closing price of Rs. 163.8.
What’s the news
According to the latest regulatory filings with the BSE, DMR Hydroengineering & Infrastructures Limited has received a work order valued at Rs. 2.5 crores. The contract period is set for 20 months.
The contract, awarded by an individual proprietor, involves engineering consultancy services, including detailed design and project management consultancy (PMC) for the Bahramgala Small Hydro Power Project located in District Poonch, Jammu and Kashmir.
Previous New & Orders
5th December 2024: DMR Hydroengineering, in a joint venture with Fitchner GmbH & Co. KG, Germany, was empanelled by THDC India Limited (THDCIL), as a consultant for rendering consultancy services for the preparation of Detailed Projects Reports (DPR) for THDCIL’s upcoming pumped storage projects across various states across India.
13th December 2024: The company was empanelled by Punjab National Bank (PNB) as a consultant for 3 years as a consultant for conducting Lender Independent Engineer (LIE) services for the renewable energy sector.
31st December 2024: DMR Hydroengineering received a Letter of Award valued at Rs. 9 crores from Welspun Michigan Engineers Limited. The project consultancy services involved detailed design, engineering and PMC work for the Tertiary Treated Water Conveyance Tunnel connecting the Dharavi WWTF to the Ghatkopar WWTF (DGT).
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Financials
DMR Hydroengineering reported a significant growth in revenue from operations, experiencing a year-on-year increase of nearly 43.3 percent, rising from Rs. 3.14 crores in H1 FY24 to Rs. 4.5 crores in H1 FY25.
Similarly, during the same period, the company’s net profit increased from Rs. 0.61 crores to Rs. 0.81 crores, representing a growth of around 33 percent YoY.
About the company
DMR Hydroengineering & Infrastructures Limited is engaged in the business of providing engineering consultancy and due diligence services to hydropower, dams, pump storage, roads and railway tunnels.
The company offers services including the entire life cycle of projects covering design & engineering, due diligence & regulatory, bid management & construction engineering and quality & inspection.
Written by Shivani Singh
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