Generic Engineering Construction and Projects Ltd receives work order worth Rs 46.38 Crs

Generic Engineering Construction and Projects Limited ("Generic"), has been awarded with new work orders worth Rs 46.38 Crs (excluding GST) for various institutional projects from various existing reputed clients, which inter alia includes Residential project based out in Mumbai suburb from M/s Kolte Patil Developers Ltd worth Rs 40 crs (excluding GST) and an Industrial Project at few districts of Maharashtra for construction of Godowns of 1000 MT each by Maharashtra State Agricultural Marketing Board, Pune worth Rs 6.38 Crs (excluding GST).

On the same, Mr. Manish Patel, Managing Director said, "We are pleased with these new order win. It gives us pleasure to work especially when we get new Projects from the repeat client. We feel proud of being selected on the basis of strengths of our technical and financial bids. It is our continuous endeavour to add more orders from existing clients and we are confident on the growing execution capabilities of the company throughout PAN India.

With receipt of above, the total current outstanding order book stands at Rs. 1166.41 crore.

Shares of Generic Engineering Construction and Projects Ltd was last trading in BSE at Rs.49.9 as compared to the previous close of Rs. 48.75. The total number of shares traded during the day was 7966 in over 41 trades.

The stock hit an intraday high of Rs. 51.45 and intraday low of 48.25. The net turnover during the day was Rs. 393169.

Source : Equity Bulls

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