Generic Engineering Construction and Projects Limited receives work order worth Rs 101.77 Crs.

Generic Engineering Construction and Projects Limited ("Generic"), has been awarded with new work orders worth Rs 101.77 Crs (excluding GST) for various institutional projects from various reputed clients, existing as well as new, which inter alia includes Residential, Commercial, Industrial and Educational Projects, the details of which are as follows:

Construction of Residential Building at Borivali & Kalyan, Mumbai - Residential - Rs. 69.00 crore

Infrastructure works for Software ODC Centre at Karnataka - Industrial - Rs. 2.84 crore.

Infrastructure works for GM office at Factory Outlet at Karnataka - Commercial - Rs. 3.60 crore

Construction of School and Community Hall for a Trust at Thane, Maharashtra - Educational - Rs. 26.33 crore

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 as well as new 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. 1,390.34 crs.

Shares of Generic Engineering Construction and Projects Ltd was last trading in BSE at Rs.47 as compared to the previous close of Rs. 44.6. The total number of shares traded during the day was 698 in over 15 trades.

The stock hit an intraday high of Rs. 47 and intraday low of 45.8. The net turnover during the day was Rs. 32548.

Source : Equity Bulls

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