MBL Infra gets new order through its wholly owned subsidiary company

Ministry of Road Transport and Highways has awarded new order by way of change in scope of work of Rs 20.22 crores to Suratgarh Bikaner Toll Road Company Pvt Ltd, wholly owned subsidiary company, for the BOT project of Development & Operation of Bikaner-Suratgarh Section of NH-62 in the state of Rajasthan, which will be executed by MBL Infrastructure Ltd. on EPC basis.

"The work is for construction of a new bridge across INGP main canal to be executed in a period of 12 months. The Company will start bidding for new projects immediately after working capital consortium documentation by banks in terms of Resolution Plan approved under IBC, 201 6." said Mr. Surrender Aggarwal, Executive Director, while addressing company officials.

Shares of MBL Infrastructures Limited was last trading in BSE at Rs. 20.85 as compared to the previous close of Rs. 20.80. The total number of shares traded during the day was 5779 in over 85 trades.

The stock hit an intraday high of Rs. 21.35 and intraday low of 20.75. The net turnover during the day was Rs. 121279.00.

Source : Equity Bulls

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MBLInfrastructures INE912H01013 OrderWin