This Infrastructure Stock is in focus after it hit 5 percent Upper Circuit following the reporting of a contract from Bharat Petroleum Corporation (BPCL) worth Rs.33.21 Crore for projects in West Bengal.
Share Price Movement
With a market capitalization of Rs. 62 Crore, the stock of Rudra Gas Enterprise opened at Rs. 70, roughly the same level as yesterday’s close, but after opening it made a high of Rs. 73.58 which is also the 5 percent upper circuit mark.
Order Update
The company has received a contract from Bharat Petroleum Corporation ( BPCL) for City gas distribution projects at Alipurduar & Coochbehar in the State of West Bengal. The total Contract worth is Rs. 33.21 Crore.
Order / Contract is for, Medium-Density Polyethylene (MDPE) Pipeline laying & associated works (Phase-III) along with Last Mile connectivity (LMC) and Direct Marketing Agency (DMA) activity for City Gas distribution projects. The time period for the complete scope of work awarded is 8 months.
The composition of the contract is in three parts –
Part-A is for the Cooch Behar-1 location and the total contract value is Rs. 11,64,64,045. Part B is for the Cooch Behar-2 location with a contract value of Rs. 12,60,15,488. Part-C is for Beneswar, Birpara Chowpati with a contract value of Rs. 8,97,03,404.
Also read: IT stock under ₹40 jumps over 7% after receiving order from Singapore based company
Financial Highlights
The company reported a 25.14 percent YoY increase in revenue from Rs. 31.62 Crore in H1FY24 to Rs. 39.57 Crore in H1FY25. Their Net profit saw a marginal increase of 3.98 percent from Rs. 2.51 Crore to Rs. 2.61 Crore for the same period.
About the Company
Rudra Gas Enterprise Limited is an Indian infrastructure development company specializing in city gas distribution, fiber cable network projects, and the rental of construction machinery and vehicles. Established in 2015 and headquartered in Ahmedabad, Gujarat, the company offers comprehensive services in pipeline construction, civil works, and the operation and maintenance of pipeline networks.
Written By Abhishek Das
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