This BSE small-cap company bags order worth Rs 450 crore!

The company has qualified as the lowest bidder with regard to tender.

On 20 March, 2023, Krsnaa Diagnostics Limited informed in the exchange filing that the company has been qualified as a lowest bidder with regards to tender in consortium with Telecommunications Consultants India Limited with the tender estimated size of Rs 450 crore by the National Health Mission, Rajasthan for providing laboratory services under free diagnostics initiative on HUB and SPOKE model under NHM in the entire state of Rajasthan.

The company will execute the project in phased manner, in phase I the entire mother lab work will be done in 90 days from the date of award and communication of acceptance of the contract. In phase II the entire hub lab work will be done next 30 days from Phase I. And in Phase Ill the entire spokes work will be done in next 30 days from Phase I.

Krsnaa Diagnostics provides a range of technology-enabled diagnostic services such as imaging, clinical laboratory, and teleradiology services to hospitals, medical colleges, and community health centres across India with an extensive network across cities and towns.

Today, the stock opened at Rs 390.15, with a high and low of Rs 405.85 and Rs 386.25. The stock closed trading at Rs 399.60, up by 0.26 per cent.  

The stock has a 52-week high of Rs 655 and a 52-week low of Rs 354. The company has a ROCE of 18.2 per cent and an ROE of 15.4 per cent with a market capitalization of Rs 1,255 crore.