Generic Engineering Construction and Projects Ltd bags orders worth Rs. 180.38 crores

Generic Engineering Construction and Projects Limited ("Generic"), has been awarded with new work orders worth Rs 180.38 Crs (Including GST) for various institutional projects from various reputed clients, existing as well as new, which includes Residential, Commercial & Industrial Projects, the details of which are as follows:

Construction of Commercial Complex including Civil Structure, Core & Shell, Mumbai and Construction of Data Center at Rabale (Commercial) - Rs. 152.27 crores

Construction of Manufacturing Facility for Ballot Units in R & D Sheds, Bangalore (Industrial) - Rs. 5.10 crore

Construction of Residential Building, Ghatkopar & Kalyan (Residential) - Rs. 23.01 crores

On receipt of the above orders, Mr. Manish Patel, Managing Director said, "We are pleased to announce that we have received a few key orders as an opportunity to expand and diversify our Company, segment as well as Location wise. Receipt of these orders stands as a crucial development towards our aim of expanding our order book position and achieve our growth objectives while continuing to build on a strong foundation."

Shares of Generic Engineering Construction and Projects Limited was last trading in BSE at Rs. 42.5 as compared to the previous close of Rs. 42.7. The total number of shares traded during the day was 7144 in over 96 trades.

The stock hit an intraday high of Rs. 43.1 and intraday low of 42.4. The net turnover during the day was Rs. 304852.

Source : Equity Bulls

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