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Madhav Infra Projects Ltd secures orders for road projects and solar project

Posted On: 2019-09-18 21:26:46

Madhav Infra Projects Ltd has received Letter of Acceptance "(LOA") from the Office of the Chief Engineer (Konkan) & Project Director (EAP) Konkan, Mumbai (A Government of Maharashtra) for the following road project/work for a negotiated contract value of Rs. 161.26 Crores.

- Improvement of Chandur Railway Telegaon Road SH-297 (Section Chandur Railway to Telegaon), KM 32/200 to KM 49/155, Tal. Chandur Railway, Dist. Amravati. The length of the project is 15.075 KM.

- Improvement of Riddhapur Tilwsa Road SH - 300 (Section Riddhapur to Tiwsa) KM 0/000 to KM 40/800, Taluka Morshil & Tiwsa, Dist. Amravati. The length of the project is 40.800 KM.

The construction period for the above projects are 24 months.

The Company has received Letter of Award ("LOA") from Energy Efficiency Services Limited ("EESL") (a JV of PSUs under the Ministry of Power) for Solar Power Generation Project for a contract value of Rs. 96.39 Crores.

The order is for Design, Engineering, Supply, Construction, Erection, Testing, Commissioning and O&M of 100 MW of Solar Power Generating System ranging from 1 MW to 2 MW at various sub-stations / locations in Maharashtra, India. The O&M contract period is for 25 years.

The project cost is Rs. 96.39 crores.

Shares of Madhav Infra Projects Ltd was last trading in BSE at Rs.180 as compared to the previous close of Rs. 179. The total number of shares traded during the day was 4200 in over 7 trades.

The stock hit an intraday high of Rs. 180 and intraday low of 179. The net turnover during the day was Rs. 755960.

Source: Equity Bulls

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