Shashijit Infraprojects receive LOI from Asian Aerosol

The industrial and infrastructural contracting company, Shashijit Infraprojects Ltd announced on Friday that it has received a Letter of Intent (LOI) from Asian Aerosol OAN Private Limited.

In a BSE filing, the company informed during the market hours today, that they have received the LOI for the purpose of factory building construction.

Detailing about the project, Shashijit Infraprojects said in the statement that the approximate value of the project would be Rs 125 to 200 lakh and its duration would be three months from commencement of work. The company added that the factory will be constructed in Eklara Village, Vapi (Gujarat).

Shashijit Infraprojects offer service in general contracting, pre-construction management and turnkey development. The company has executed various industrial and residential projects in Gujarat primarily in Vapi, Silvassa, Surat and Daman (UT).

At the time of market closing on Friday, the stock of Shashijit Infraprojects Ltd was trading at Rs 28.15, down by 19.80 per cent against its previous close of Rs 35.10. Its 52-week high is Rs 35.15 while, its 52-week low is Rs 23.70 on BSE.