Penny stock under Rs 70 in focus as company is declared as the Lowest Bidder (L1) for an order worth Rs 80,06,000 from Eastern Railway
The company has a market of Rs 117.90 crore with a PE of 17x whereas the industry PE is 34 per cent.
Manglam Infra & Engineering Limited has secured the lowest bid (L1) for a significant railway project from Deputy Chief Engineer Construction / Eastern Railway, Asansol - 713301. The company will undertake a comprehensive survey and prepare detailed designs and estimates for civil, electrical, and signalling works on the Jasidih-Dumka double line. This includes preparing EPC tender documents for all works, including electrical, traction distribution and signalling. The project is valued at approximately Rs 80.06 lakh and is expected to be completed within six months.
Manglam Infra & Engineering Limited has been awarded a contract by the Superintending Engineer, NH Circle, PWD, Gorakhpur to provide consultancy services for the supervision of the Shohratgarh Bypass construction project in Uttar Pradesh. The project involves widening the bypass to two lanes with paved shoulders and is estimated to cost Rs 68.42 lakh. The contract is expected to be completed within 12 months.
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Manglam Infra & Engineering Ltd is a leading infrastructure company that provides a wide range of services, including design, engineering, procurement, construction and project management. With a strong focus on highways, bridges, tunnels and urban buildings, the company has completed numerous projects across various regions of India. Their expertise and commitment to quality have made them a trusted partner in the infrastructure development sector.
On Wednesday, shares of Manglam Infra & Engineering Limited plunged 1.54 per cent to Rs 67 per share from its previous closing of Rs 68.05 with an intraday high of Rs 68.40 and an intraday low of Rs 65.05. The company has a market of Rs 117.90 crore with a PE of 17x whereas the industry PE is 34 per cent.
Disclaimer: The article is for informational purposes only and not investment advice.
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