Rs 4,884+ crore order book: This civil engineering company bags orders worth Rs 1,49,99,769 from Nayara Energy Ltd
The stock gave multibagger returns of 775 per cent from its 52-week low of Rs 112 per share.
RBM Infracon Ltd has secured a work order valued at Rs 1,49,99,769 from Nayara Energy Limited, a domestic entity, for the CPP Boiler Bank and Water wall tubes replacement project. The order was received on September 11, 2024, and has a validity period from September 1, 2024, to July 31, 2025. This significant contract further solidifies our company's position as a leading player in the engineering and infrastructure sector
RBM Infracon has achieved significant milestones this year, securing a major contract from ONGC valued at Rs 3,498+ crore and two additional contracts totalling Rs 14,061,450.00. The first contract, awarded by Reliance Industries Ltd, involves UG piping fabrication and laying work for their PV Manufacturing Complex in Jamnagar. The second contract, awarded by Kalpataru Projects International, entails case-crossing work. These contracts underscore RBM Infracon's expertise in EPC contracts, mechanical and rotary equipment services, and its commitment to delivering high-quality solutions and contributing to the nation's growth. The addition of these contracts to RBM Infracon's order book brings the total value to an impressive Rs 4,884+ crore, demonstrating the company's strong growth trajectory and market position.
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About the Company
RBM Infracon Limited, founded in 2013, specializes in mechanical engineering and construction for various industries. They offer comprehensive services, including piping, tankage, maintenance, and electrical systems. The company primarily secures contracts through direct negotiations with medium to large infrastructure companies. RBM Infracon has successfully collaborated with industry giants such as Reliance Industries, Nayara Energy Limited, Afcons Infrastructure Ltd., Chemie-Tech-DORC-Nigeria, Chemie-Tech-Malta, GPPL- Malta, YARA Fertilizers, TATA Projects and L&T, demonstrating their capacity to deliver on large-scale projects.
The company has a market cap of over Rs 900 crore with an ROE of 20 per cent and an ROCE of 28 per cent. The stock gave multibagger returns of 775 per cent from its 52-week low of Rs 112 per share. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.