08 May 2024

Constronics Infra touches roof on bagging contracts worth Rs 65.25 crore

Constronics Infra is currently trading at the upper limit of Rs. 52.86, marking a gain of 1.03 points or 1.99% from its previous closing price of Rs. 51.83 on the BSE.

The stock opened at Rs. 52.86 and has maintained a consistent trading range with a high and low of Rs. 52.86 each.

As a BSE group 'XT' stock with a face value of Rs. 10, it reached a 52-week high of Rs. 57.07 on 02-May-2024 and a low of Rs. 5.65 on 13-Jun-2023.

Over the past week, its price fluctuated between Rs. 57.07 and Rs. 51.83. The current market capitalization of the company stands at Rs. 37.36 crore.

The promoters hold 18.47% stake in the company, while Non-Institutions own 81.53%.

Constronics Infra has secured two contracts totaling Rs. 65.25 crore (excluding taxes). The first contract, valued at Rs. 55.17 crore, is from KCP Infra for widening and strengthening the Arcot – Tindivanam Road (SH5) and Thiruvathipuram Bypass Road, including various construction activities. The second contract, worth Rs. 10.08 crore, is from NTPC Tamil Nadu Energy Company for the lifting and trading of 8,00,000 Metric tons (MT) of Wet ash from NTECL Vallur TPS.

Constronics Infra is primarily engaged in the manufacturing of quality Orthopaedic Implants and Instruments.