Throughout Wednesday’s buying and selling session, the shares of an organization specialising in managing infrastructure initiatives hit a 5 % higher circuit on NSE, after the introduced rising because the Lowest Bidder (L1) for a mission from the Ministry of Street Transport and Highways (MoRTH) of India.
Worth Motion
With a market cap of Rs. 48.7 crores, the shares of Manglam Infra & Engineering Restricted hit a 5 % higher circuit at Rs. 27.7, in comparison with its earlier closing worth of Rs. 26.4. The inventory hit its 52-week excessive at Rs. 123.1 on 2nd August 2024, and in comparison with its closing worth of Rs. 27.7, the inventory is buying and selling at a reduction of practically 77 %.
What’s the information
As per the most recent regulatory filings with the NSE, Manglam Infra & Engineering Restricted emerged because the Lowest Bidder (L1) for a mission from the Ministry of Street Transport and Highways (MoRTH) of India.
The mission, valued at Rs. 2 crores, entails offering Consultancy Companies for the Authority Engineer for the Shewali Fata to Kalambhir part (0.443 to 4.500) and Nizampur to Chadwel part (13.485 to 26.265) in Maharashtra. The mission is anticipated to be accomplished inside 18 months.
Moreover, on 4th March, the corporate was additionally declared L1 for an additional MoRTH mission price Rs. 1.97 crores. This mission entails Consultancy Companies for the Authority Engineer for the supervision of the part from 0.000 to Ch km 21.411 in Maharashtra, with an execution timeline of 18 months.
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Earlier Order
twenty fifth February: Manglam Infra secured a contract price ~Rs. 66.6 crores for Partaking Technical Guide to arrange the Feasibility Examine (FS) and Detailed Challenge Report (DPR) on an EPC mode for the development of the Gelemo-Pukar La street (new alignment) from Km 0.00 to Km 25.00 (complete size 25.00 km).
The mission will observe Inexperienced Area Alignment to NHSL specs within the Space of Accountability (AOR) of 128 RCC beneath the 23 BRTF Challenge Arunank in Arunachal Pradesh.
Financials
Manglam Infra skilled a decline in its income from operations by round 50 %, from Rs. 35 crores in H2 FY24 to Rs. 17.7 crores in H1 FY25. Equally, its internet revenue elevated throughout the identical interval down from Rs. 6.6 crores to Rs. 3 crores, indicating a decline of practically 54.5 % YoY.
In regards to the firm
Established in 2010, Manglam Infra & Engineering Restricted is an engineering consulting group engaged within the enterprise of delivering design, planning, engineering, consulting and building administration options for highways, roads, bridges, tunnels, and buildings.
The corporate additionally supplies companies & options for rural and concrete improvement, capability constructing, and environmental engineering and undertakes building materials testing and geotechnical investigations.
Written by Shivani Singh
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