Oval Projects Engineering Ltd receives LOA for order worth Rs. 3.76 crore

Oval Projects Engineering Limited has received a new Letter of Award (LOA) from M/s North East Gas Distribution Company Limited ("NEDGCL") for Composite Works for Construction of CGS / CUM Mother Station at Anandnagar in the State of Tripura GA, having order value amounting to Rs. 3,76,84,565.53/- (Rupees Three Crores Seventy Six Lakhs Eighty Four Thousand Five Hundred Sixty Five and Paise Fifty Three only.

The company had participated and have been declared as L1 bidder in 5 different contracts from Government Undertaking/PSU aggregate contract value of Rs. 901,897,532/- (Rupees Ninety Crores Eighteen Lakhs Ninety Seven Thousand Five Hundred Thirty Two only) and is awaiting issuance of LOA.

Shares of Oval Projects Engineering Limited was last trading in BSE at Rs. 76.76 as compared to the previous close of Rs. 80.80. The total number of shares traded during the day was 9600 in over 5 trades.

The stock hit an intraday high of Rs. 76.76 and intraday low of 76.76. The net turnover during the day was Rs. 736896.00.

Source : Equity Bulls

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