Penny Stock Under Rs 60 Jumps 13.6 Per Cent After Securing Rs 91,49,06,101 Order from Telecommunication Consultants India Ltd
The stock is up by 60 per cent from its 52-week low of Rs 36.23 per share.
On Thursday, shares of Brahmaputra Infrastructure Limited jumped 13.6 per cent to an intraday high of Rs 58.01 per share from its previous closing of Rs 51.07 per share. The shares of the company saw a spurt in volume by more than 13 times on BSE. The stock’s 52-week high is Rs 114.40 per share and its 52-week low is Rs 36.23 per share.
Brahmaputra Infrastructure Limited (BIL), in a Joint Venture named Brahmaputra – PKV JV, has secured a significant contract worth Rs 91.50 crore (Rs 914,906,101) from Telecommunication Consultants India Limited, a Government of India Enterprise. This domestic Engineering, Procurement, and Construction (EPC) mode contract involves the construction of two Eklavya Model Residential Schools (EMRS). One school will be built at Aalo, West Siang District, and the other at Ziro II, Lower Subansiri District, both located in Arunachal Pradesh. The project is slated for completion within 24 months.
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Founded in 1998, Brahmaputra Infrastructure Ltd. (BIL) is a versatile construction company with a strong foothold in diverse infrastructure sectors. BIL thrives in the EPC & Real Estate Development Business, undertaking projects ranging from the construction of bridges, flyovers, and highways to airports, buildings, tunnels, and even mining projects. They have successfully developed and managed the largest shopping mall in Northeast India, showcasing their expertise in large-scale infrastructure projects.
The company has a market cap of over Rs 160 crore and has an order book of Rs 1,200 crore along with its Joint operations as of June 30, 2024. The stock is up by 60 per cent from its 52-week low of Rs 36.23 per share.
Disclaimer: The article is for informational purposes only and not investment advice.