Jayant Infratech Ltd receives LoA worth Rs. 16.54 crores

Jayant Infratech Limited has received a Letter of Acceptance from South East Central Railway, Bilaspur, for execution of Railway Overhead Electrification works.

The scope of work includes

(1) Electrification of 4th Line between DLBS-Durg (including Cross-overs, Loop Line, sidings etc approx. 17 TKM, Elimination of existing Diamond Crossing and modification of yard in connection with 4th line) by 2x25 KV, 50HZA.C., single Phase OHE work,

(2) Electrification with 1x25 KV, 50HZ A.C, single Phase OHE work of Rajnandgaon Goods Shed /FCI Siding line including 02nos Cross Over (2.8 RKM/4.5TKM) and

(3) Provision of OHE Bonds for new DC track circuit in the station yards of Dadhapara, Belha,Dagori, Nipania, Bhatapara, Hathbandh, Bhilai, Bhilai Power House, Bhilai Nagar, Rajnandgaon, Bakal, Musra, Jatkanhar, Dongargarh in connection with the 4th line construction work in Raipur and Nagpur division over S.E.C.Railway.

The total value of the contract is ₹ 16,54,65,661.93/- (Rupees Sixteen Crore Fifty-Four Lakh Sixty-Five Thousand Six Hundred Sixty-One and Ninety-Three Paise Only) (inclusive of all duties and taxes).

This contract is expected to contribute to the revenue and operational growth of the company.

Shares of Jayant Infratech Limited was last trading in BSE at Rs. 69.09 as compared to the previous close of Rs. 60.40. The total number of shares traded during the day was 45750 in over 52 trades.

The stock hit an intraday high of Rs. 72.00 and intraday low of 60.00. The net turnover during the day was Rs. 3076695.00.

Source : Equity Bulls

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JayantInfratech INE0KR801019 CivilConstruction LoA OrderWin