Om Infra Limited gets LOA for Rs. 621 Crore order from Water Resource Department, Government of Punjab.

Om Infra Limited (Formerly known as Om Metals Infraprojects Limited) was declared L1 (Lowest) successful bidder in competitive bidding for tender of value INR 621 crores from Water Resource Department, Government of Punjab. The Company has now received the Letter of Award (LOA) from Government of Punjab for the aforesaid project works of Shahpurkandi power house project with value of INR 621 Crore for the Construction of Two power houses, their appurtenant works an part of Hydel Channel of Shahpurkandi Dam Project on EPC mode from Water Resource Department, Government of Punjab, Shahpurkandi Township.

Commenting on the development, Mr. Vikas Kothari, Managing Director & CEO said that, "We are very delighted to win this prestigious order from Government of Punjab. It takes a quantifiable leap in our revenues and primes us to prepare for much higher leaps in the near future. We are aggressively focused for enhancing our foot prints in India, neighbouring countries and Africa through our core business. With our order pipeline brimming with several more opportunities on all front, we are bullish on our growth in the years to come."

Shares of Om Infra Limited (Formerly known as Om Metals Infraprojects Limited) was last trading in BSE at Rs.24.1 as compared to the previous close of Rs. 24.95. The total number of shares traded during the day was 9123 in over 57 trades.

The stock hit an intraday high of Rs. 26 and intraday low of 23.75. The net turnover during the day was Rs. 227137.

Source : Equity Bulls

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