Railway infra stock under Rs 100 hit upper circuit as company bags Rs 710.08 million order under Rail Vikas Nigam Ltd (RVNL)
The stock is up by 88.6 per cent from its 52-week low of Rs 52.52 per share.
BCPL Railway Infrastructure Limited informed that the company has received an order for the execution of the upgradation of the electric traction system project in the Kharagpur-Bhadrak section of Kharagpur Division of South Eastern Railway under Rail Vikas Nigam Ltd (RVNL).
This contract agreement has been received for the work of the design, supply, erection, testing and commissioning for upgradation of electric traction system from 1 x 25 KV to 2 x 25 KV traction system of Kharagpur Division of South Eastern Railway to meet 3000 MT Loading target under Rail Vikas Nigam Ltd. The total project cost comprises of Rs 710.08 million and it is expected to be executed over a period of 16 months.
BCPL Railway Infrastructure Limited (Formally known as Bapi Construction Electrical Engineering Pvt Ltd) is a BSE Listed Company (BSE Code:542057), engaged in the field of railway infrastructure development. Its business activities include designing, drawing, supplying, erecting and commissioning 25KV, 50 Hz Single Phase Traction Overhead Equipment. It is one of the niche players catering for Railway electrification with an established track record of about 3 decades.
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The key clients of the Company include various zones of the Indian Railways like Eastern Railway, South Eastern Railway, South East Central Railway, Northern Railway, East Coast Railway, North Frontier Railway, East Central Railway, Central Organisation For Railway Electrification (CORE), South Western Railway as well as large Public and Private Sector Undertakings like RITES Ltd, Rail Vikas Nigam Ltd, Essel Mining Industries Ltd, Adhunik Group, Usha Martin Industries Ltd, Jindal Steel and Power Ltd, Rungta Mines, Haldia Energy Limited, Electrosteel, TATA Steel Limited, WEBEL and Defence sector like Military Engineering Services and K-Ride.
On Wednesday, shares of BCPL Railway Infrastructure zoomed 5 per cent upper circuit to Rs 99.05 per share from its previous closing of Rs 94.34 with a spurt in volume by more than 3.12 times on BSE.
This civil construction company has a market cap of Rs 165.65 crore. The stock is up by 88.6 per cent from its 52-week low of Rs 52.52 per share. Investors should keep an eye on this railway infra stock.
Investors should keep an eye on this micro-cap stock under the radar.
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