Multibagger electrical equipment company receives a new order worth Rs 17,27,02,440 from Megha Engineering & Infrastructures Ltd

The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 62 per share.

Akanksha Power and Infrastructure Limited has been awarded a contract by Megha Engineering & Infrastructures Limited to manufacture and supply 11kV Metering Cubicles within a one-year timeframe. This domestic contract, valued at Rs 17,27,02,440 (inclusive of 18 per cent GST), outlines general contract conditions as the primary terms.

Akanksha Power & Infrastructure Ltd, founded in 2008, manufactures electrical equipment like switchboards, transformers, and vacuum contactors for various sectors. Their product portfolio includes electrical panels, current/potential transformers, and vacuum contactors.

 Additionally, they offer engineering and implementation services for electrical projects, including turnkey solutions for setting up electrical infrastructure with features like power quality testing, data analysis, and cloud-based monitoring. Their clientele boasts prestigious names like Military Engineer Services, Hindustan Aeronautics Limited, and Coal India Limited.

Also Read: Rs 38,389 crore order book: After IREDA, this Debt-free multibagger warship and submarine builders company receives ‘Navratna’ Status; Hit 52-week high!

Today, shares of Akanksha Power & Infrastructure Ltd surged 18.31 per cent and made a fresh new 52-week high of Rs 147.95 per share from its previous closing of Rs 125.05. The company has a market cap of over Rs 250 crore and reported positive numbers in its annual results. The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 62 per share and investors should keep an eye on this micro-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.