The shares of an Indian Infra and Engineering company involved in managing infrastructure projects are in Focus after the company bags orders worth Rs 1.01 crores from the Government of Assam
The shares of Manglam Infra & Engineering Ltd, with a market capitalization of Rs.45.58 crores on Tuesday. Its shares are trading at a CMP of Rs 25.90, against the previous closing price of Rs 25.00. The stock had surged up by 3.60 percent intraday.
The News:
Manglam Infra & Engineering Limited has received an order worth Rs 1.01 crores from the Government of Assam, Office of the Chief Engineer, Public Works Roads Department, for a new project under the Pradhan Mantri Gram Sadak Yojana (PMGSY) – IV.
The scope of the contract involves the preparation of a Detailed Project Report (DPR), technical sanction documents, and tender document BOQs for proposed roads and bridges. This project reflects the company’s growing presence in government infrastructure planning and consultancy services.
The total contract value is Rs 1,01,08,000 (Rupees One Crore One Lakh Eight Thousand only), with a completion timeline of 30 days from the notice to proceed. The contract is domestic in nature, with general terms and conditions applicable as per standard government procedures.
Manglam Infra and Engineering Limited specializes in managing infrastructure projects. The company offers design, engineering, procurement, construction, and integrated project management services for infra projects like highways, bridges, tunnels, and urban buildings.
The company’s Revenues stood at Rs 17.36 crores in H1FY25, and the company’s Net profits stood at Rs 3.03 crores at the same period. The company has a good debt-to-equity ratio close to 0.07, and the stock PE stands at 6.49 against the Industry PE of 27.5.
Written By Likesh Babu S
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