Penny stock under Rs 80 in green company bags new orders of Rs 19.94 crore from Medical Education and Ayush Department, Directorate Medical Education and Research
The stock is up by 32 per cent from its 52-week low of Rs 55 per share.
On Thursday, shares of Aprameya Engineering Ltd gained 8.4 per cent to Rs 76.95 per share from its previous closing of Rs 71 per share. At the closing bell, shares of the company were trading at Rs 72.65 per share, up 2.32 per cent. The stock is up by 32 per cent from its 52-week low of Rs 55 per share.
Aprameya Engineering Ltd. has been awarded a significant order by the Directorate Medical Education and Research, Mumbai, Maharashtra, for the supply of 50 Ultrasonic Cutting and Coagulation devices with Vessel Sealing systems, BIPOlar Salina Plasma Kinetic Energy devices, and Reusable Capacitive Cupping Quality Monitoring Electrodes on a turnkey basis. The order, valued at Rs 19.94 crore, will be executed domestically within 32 weeks of site handover. Payment terms stipulate an 80% advance upon material delivery and the remaining 20% after successful commissioning and installation.
Earlier, the company secured substantial orders worth Rs 113.85 crore from the Directorate of Medical Education and Research in Maharashtra. The orders encompass the supply of six Mobile CT – OmniTom Elite units to government medical colleges, valued at Rs 84 crore, and the construction of a Modular OT Complex on a turnkey basis, worth Rs 29.85 crore. These initiatives aim to enhance medical facilities across the state by providing flexible and portable imaging solutions and modern surgical suites, respectively. Both projects are anticipated to be completed within 32 weeks of site handover.
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About the Company
Incorporated in September 2003, Aprameya Engineering Limited specializes in installing and maintaining Intensive Care Units (ICU), Neonatal Intensive Care Units (NICU), Pediatric Intensive Care Units (PICU), Operation Theatres, and prefabricated structure wards in hospitals and medical care centres. The company has a market cap of Rs 138.4 crore.
Disclaimer: The article is for informational purposes only and not investment advice.