3,000 per cent Mutlibagger Returns: This Infrastructure and Power Company Secures Rs 42 Crore Contract for 2,00,000 Sq. Ft. High-Rise Project in Mumbai
The stock gave multibagger returns of 285 per cent in just 1 year and a whopping 3,000 per cent in 5 years.
RDB Infrastructure and Power Limited has announced the acquisition of a significant construction contract from M/s Vardhman Group Realbuild LLP. The contract involves the construction of a high-rise building at Sandhurst Road West, Girgaon, Mumbai. The project will include a basement, ground floor, podiums, and 33 upper floors, along with essential facilities like underground and overhead tanks, firefighting tanks, and a lift machine room. The total built-up area is approximately 2,00,000 square feet.
The contract, valued at Rs. 42 crores, is set to be completed within 24 months from the date of agreement, with the possibility of extension if mutually agreed upon by both parties. A security deposit of Rs. 1 crore has been stipulated, and a retention of 5 per cent per bill is part of the contract terms. This domestic contract does not involve any related party transactions, and there is no interest from the promoter group in the awarding entity
About the Company
RDB Infrastructure and Power Limited (Formally known as RDB Realty & Infrastructure Ltd), founded in 1981, is a prominent real estate & solar services-related company in India. With a strong presence in major cities like Kolkata, Mumbai, and Hyderabad, they specialise in both residential and commercial projects. Their portfolio includes high-rise apartments, integrated townships, office spaces, and shopping malls. The company is committed to quality and innovation, aiming to deliver exceptional living and working spaces. By focusing on customer satisfaction and sustainable development practices, RDB Realty & Infrastructure Ltd has established itself as a trusted name in the Indian real estate industry.
The company has a market cap of Rs 960 crore with promoters holding 70.42 per cent stake and pubic owning 29.58 per cent stake. The stock gave multibagger returns of 285 per cent in just 1 year and a whopping 3,000 per cent in 5 years. Investors should keep an eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.