Madhav Infra Projects Ltd receives LoA from Western Railway

Madhav Infra Projects Limited ("the Company") has received a letter of acceptance for the following Project to Office of Deputy Chief Engineer Construction Western Railway for "Earthwork & Blanketing in embankment/ cutting in formation of new BG line including yards, Bridge approaches etc., Construction of bridge work (Major / Minor / RUB - foundation, sub structure and super structure including Steel Girder) as per Railway's approved Design and Drawing, construction of Retaining / Boundary / Toe wall and Supply & spreading of machine crushed stone ballast, Laying and linking of BG track for Main line, loop lines and Points & Crossing etc in section / yards, Transportation of P.Way materials, Welding of Rails, and other incidental miscellaneous works etc. between Amjhera (excluding) -Sardarpur (including) section (18.46 KM) in connection with new BG line project between Dahod - Indore of Ratlam Division - Western Railway."

The accepted Bid Price for the Project is Rs. 264,39,99,908/- (Rupees Two Hundred and Sixty-Four Crore ThirtyNine Lakhs, Ninety-Nine Thousand, Nine Hundred and Eight Rupees) which is Inclusive of GST.

Shares of Madhav Infra Projects Ltd was last trading in BSE at Rs. 14.75 as compared to the previous close of Rs. 14.47. The total number of shares traded during the day was 561734 in over 643 trades.

The stock hit an intraday high of Rs. 14.75 and intraday low of 14.38. The net turnover during the day was Rs. 8193030.00.

Source : Equity Bulls

Keywords

MadhavInfraProjects INE631R01026 OrderWin LoA WesternRailway