Madhav Infra Projects Ltd receives LoA from NHAI for project worth Rs. 323.82 crores

Madhav Infra Projects Limited ("the Company") has received a letter of acceptance from National Highways Authority of India for the Project - "Four Laning of section NH-146 from Rahatgarh (Design Chainage Km. 124+470) to Berkhedi (Design Chaingage Km. 134+549) in the state of Madhya Pradesh on Hybrid Annuity Mode under NH(O) (Project Length - 10.079 km)".

The accepted Bid Price for the Project is Rs. 3,23,82,00,000/- (Rupees Three Hundred Twenty-Three Crores Eighty-Two Lakhs only).

Shares of Madhav Infra Projects Ltd was last trading in BSE at Rs. 12.43 as compared to the previous close of Rs. 11.71. The total number of shares traded during the day was 1121460 in over 1579 trades.

The stock hit an intraday high of Rs. 13.25 and intraday low of 11.32. The net turnover during the day was Rs. 14018339.00.

Source : Equity Bulls

Keywords

MadhavInfraProjects INE631R01026 LOA NHAI OrderWin