Stock Report

Shashijit Infraprojects Ltd receives LOI from Shree Hari Developers

Posted On : 2023-09-18 15:46:48( TIMEZONE : IST )

Shashijit Infraprojects Ltd receives LOI from Shree Hari Developers

Shashijit Infraprojects Limited has been awarded a Letter of Intent (LOI) for the construction of Commercial Building by M/s Shree Hari Developers. As a prominent player in the construction industry in South Gujarat, we are honored to receive this LOI for the development of a prestigious Commercial Building valued at approximately Rs. 120 Million. The project site is situated at Survey No. 65/3-U/1, Opposite OIDC Industrial Estate, Ringanwada Road, Daman, UT of DNH & DD.

This achievement represents a significant milestone for Shashijit Infraprojects Limited, reaffirming our unwavering commitment to delivering high-quality construction services while contributing to the growth and advancement of the construction sector in the region.

Upon receiving this notification, Mr. Ajit Jain, Chairman & Managing Director, expressed his enthusiasm, stating, "I am thrilled to announce that Shashijit Infraprojects Limited has been awarded this significant project by Shree Hari Developers. It marks another remarkable milestone in our journey. This achievement underscores our steadfast commitment to excellence and our capability to consistently deliver outstanding results. Let us collaborate effectively to transform this opportunity into a resounding success. I have complete confidence in the capabilities and dedication of our team. Together, we shall make this project an exemplary representation of what Shashijit Infraprojects Limited stands for - quality, innovation, and excellence."

Shares of Shashijit Infraprojects Ltd was last trading in BSE at Rs. 41.97 as compared to the previous close of Rs. 41.04. The total number of shares traded during the day was 23785 in over 77 trades.

The stock hit an intraday high of Rs. 42.30 and intraday low of 41.00. The net turnover during the day was Rs. 992576.00.

Source : Equity Bulls


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