Update on Orders and implementation of the approved Resolution Plan of MBL

MBL Infrastructure Ltd (MBL) has been awarded an order of Rs 11.06 crores as Change of Scope (CoS) work for the DBFOT project of Bikaner-Suratgarh Section of NH-62 in the state of Rajasthan executed by Suratgarh Bikaner Toll Road Company Pvt Ltd (SBTRCPL), a wholly owned subsidiary of the Company vide concession agreement dated 09.05.2012. The original scope of work has been completed and toll is being collected by SBTRCPL for 170.266 kms of National Highway. Change of Scope of work of Rs 20.22 crores for construction of a new bridge across IGNP main canal is under progress and new change of scope of work of Rs 11.06 crores has been awarded for construction of junction, reconstruction/strengthening of service road and construction of two culverts.

"All Bank accounts of the Company have been classified as 'Standard' by working capital consortium banks and have been transferred to Corporate Client Group Vertical of Banks. With the availability of non-fund based working capital facilities (BGs/LCs) of Rs 303.63 crores, the Company has started bidding for new projects and has already bidded for projects of Rs 889.54 crores and has identified projects to be bidded so as to target procurement of new orders of Rs 1000 crores during current financial year 2025-26" said Mr Anjanee Kumar Lakhotia, Chairman & Managing Director, while addressing Company officials.

Shares of MBL Infrastructures Limited was last trading in BSE at Rs. 41.82 as compared to the previous close of Rs. 40.70. The total number of shares traded during the day was 15609 in over 186 trades.

The stock hit an intraday high of Rs. 42.36 and intraday low of 40.94. The net turnover during the day was Rs. 655416.00.

Source : Equity Bulls

Keywords

MBLInfrastructures INE912H01013 OrderWin