23 Sep 2024

VVIP Infratech Rises After Securing Rs 32.49 Crore Project

VVIP Infratech's stock is trading at Rs 257.35, marking a gain of 29.85 points or 13.12% from its previous close of Rs 227.50 on the BSE.

The stock opened at Rs 255.70 and reached an intraday high of Rs 265.00 and a low of Rs 252.20. So far, 208,800 shares have changed hands on the exchange.

The company’s stock, part of the BSE's 'M' group with a face value of Rs 10, hit its 52-week high of Rs 314.40 on August 21, 2024, and its 52-week low of Rs 176.70 on July 30, 2024. Over the past week, the stock's high and low stood at Rs 265.00 and Rs 220.10, respectively. The current market capitalization of VVIP Infratech is Rs 568.06 crore.

The company recently secured a project valued at Rs 32.49 crore from the Superintending Engineer, Construction Circle Uttarakhand Peyjal Nigam. This contract, to be completed within 18 months, involves the construction of a sewage treatment plant (STP), sewage pumping station (SPS), and sewer lines for Nagar Palika Parishad Narendernagar. The scope of work includes all civil, electrical, and mechanical components, along with design, testing, commissioning, and operation and maintenance of the STP for 15 years. The project also requires the handover of the completed works to Uttarakhand Jal Sansthan under an item-rate contract.

VVIP Infratech specializes in infrastructure construction, with a focus on sewer systems, sewage treatment plants, water supply systems, road development, electrification, transmission and distribution, and building construction projects.