Penny Stock Under Rs 50 & Rs 382.81 Crore Order Book: Company Bags Order Worth Rs 17,37,99,990 from Nagar Palika Parishad, Sendhwa (M.P.)
The stock is up by 15 per cent from its 52-week low of Rs 40 per share.
V.L. Infraprojects Limited has secured a significant domestic work order valued at Rs. 17,37,99,990 (excluding GST) from Nagar Palika Parishad, Sendhwa (M.P.). This contract is for the augmentation of the water supply system in Sendhwa and is slated for completion within 24 months.
V.L. Infraprojects Ltd (VLIPL), incorporated in 2014, is an ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certified company engaged in construction, laying, and commissioning contracts for various infrastructure projects, primarily focused on irrigation and water supply. VLIPL executes water supply and sewerage infrastructure projects, including pipe procurement, laying, joining, and commissioning, along with related civil engineering works such as constructing pumping stations and installing electro-mechanical equipment.
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Their services encompass all aspects of road construction, irrigation, water infrastructure, and environmental projects, also offering operations and maintenance services for water distribution pipelines. The company's EPC operations are divided into verticals, including water pipeline construction, irrigation projects, road construction, and building construction.
The company has a market cap of Rs 71 crore and the order book stands at Rs 382.81 crore as of December 31, 2024. The stock’s 52-week high is Rs 141 per share and its 52-week low of Rs 40 per share. The stock is up by 15 per cent from its 52-week low of Rs 40 per share.
Disclaimer: The article is for informational purposes only and not investment advice.