Generic Engineering Construction and Projects Ltd receives work order worth Rs 80.80 Crs

Generic Engineering Construction and Projects Limited ("Generic"), has been awarded with new work orders worth Rs 80.80 Crs (including GST) for various institutional projects from new reputed clients, which inter alia includes Residential project based in Panvel worth Rs 44.68 crs (plus GST) from Cityopia Ventures Private Limited and Special Project for Structural Construction of replica of 12 Jyotrilings (Shiv Dham Phase I) at Kangnidar (Mandi), Himachal Pradesh amounting to Rs 36.12 Crs from Himachal Pradesh Tourism Development Corporation Limited.

On the same, Mr. Manish Patel, Managing Director said, "We are pleased with these new order win. We feel proud of being selected on the basis of strengths of our technical and financial bids. It is our continuous endeavour to add more orders from existing clients and we are confident on the growing execution capabilities of the company throughout PAN India.

With receipt of above, the total current outstanding order book stands at Rs. 1288.58 crore.

Shares of Generic Engineering Construction and Projects Ltd was last trading in BSE at Rs.56.5 as compared to the previous close of Rs. 57.6. The total number of shares traded during the day was 8670 in over 199 trades.

The stock hit an intraday high of Rs. 61 and intraday low of 56.5. The net turnover during the day was Rs. 506568.

Source : Equity Bulls

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