This Multibagger Infra Stock Bags Rs 70000000 Gujarat Contract – Is It Your Next Big Bet?
Secures a major civil work order for an industrial expansion project, delivering stellar stock returns of 371% in a year.
Conart Engineers Ltd has secured a civil work order for the expansion of Plant-6 of Shiva Performance Materials Pvt Ltd. The project, valued at Rs 7 crore (excluding GST), is located in Karakhadi village, Padra, Vadodara, Gujarat. The project is expected to be completed within 12 months from mobilization at the site.
Scope of Work
The order involves civil construction services for the SPTR expansion. Conart Engineers brings expertise in general contracting, project management, and turnkey solutions, ensuring quality, cost control, and adherence to timelines.
Regulatory Compliance
The company has complied with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, for disclosing the project details. Additionally, the trading window for insiders and designated persons will remain closed until 48 hours after this information is made public, in line with SEBI’s Prohibition of Insider Trading Regulations.
Stock Performance
Conart Engineers’ stock has delivered an exceptional performance in the past year, providing a return of 371 per cent. Over the last month alone, the stock has gained 30.42 per cent, reflecting strong investor confidence and a growing order book.
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About Conart Engineers Ltd
Founded in 1973, Conart Engineers Ltd offers a wide range of services, including general contracting, design-build solutions, turnkey services, and project management. It serves industries like chemicals, heavy manufacturing, pharmaceuticals, textiles, and educational buildings.
Recent Milestones
The company recently completed a Rs 20 crore pharma plant project for Vasu Healthcare Pvt Ltd in Vadodara. Its client list includes notable names such as Voltas, Apollo Tyres, Asian Paints, and Gujarat Alkalies, showcasing its credibility and expertise in handling large-scale projects.
This new order adds to Conart Engineers' robust portfolio, further strengthening its position in the construction sector
Disclaimer: The article is for informational purposes only and not investment advice.