Rs 5,000+ Crore Order Book: Engineering Company Bags New Order Worth Rs 59,00,000 From Paushak Limited
The stock gave multibagger returns of 154 per cent from its 52-week low of Rs 314.30 per share.
RBM Infracon Limited has secured a significant domestic service order worth Rs 59,00,000 from PAUSHAK LIMITED. This order pertains to the critical tasks of OLD PLANT STRUCTURE PAINTING AND PLANT STRUCTURE STRENTHENING. The specific timeline for project completion will be determined by site requirements.
Earlier, the company secured domestic service orders valued at Rs 60,47,500 from Transrail Lighting Ltd. The order pertains to the SRVAPPROACHROADMK APPROACH ROAD project. The specific terms and conditions of the contract, including the exact scope of work and completion timeline, will be determined based on on-site requirements. This significant order underscores RBM Infracon's growing presence in the domestic market and its ability to secure substantial contracts.
About the Company
RBM Infracon Limited, a veteran in EPC contracts within Mechanical & Civil Engineering Construction Services, is dedicated to delivering comprehensive solutions across industries like refineries, jetties, petrochemicals, fertilizers, cement, power plants, and more. With over three decades of experience, the company is renowned for its quality, innovation, and client satisfaction.
DSIJ’s ‘Micro Marvel' service recommends micro-cap stocks with the potential to grow multifold in long run. If this interests you, do download the service details here.
Headquartered in Jamnagar, Gujarat, with satellite offices in Ahmedabad and project sites nationwide, RBM Infracon leverages its strategic location, robust infrastructure, skilled workforce, and advanced technology to deliver timely and efficient solutions. Guided by the vision of "The Resonance of Excellence," the company strives for excellence that not only sets a benchmark but also leaves a lasting impact on the industry. 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 Rs 850 crore with an ROE of 20 per cent and an ROCE of 28 per cent. The company has an order book of over Rs 5,000 crore. The stock gave multibagger returns of 154 per cent from its 52-week low of Rs 314.30 per share. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.