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Upper Circuit Alert: This civil construction company bags new order worth Rs 128 crore from Hindustan Zinc Limited
Kiran Shroff
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Upper Circuit Alert: This civil construction company bags new order worth Rs 128 crore from Hindustan Zinc Limited

The stock is up by 59.5 per cent from its 52-week low of Rs 125 per share.

Today, shares of Atmastco Ltd hit a 5 per cent upper circuit to Rs 199.35 per share from its previous closing of Rs 189.90 with an intraday high of Rs 199.35 and an intraday low of Rs 191.10. The stock’s 52-week high is Rs 393.90 per share and its 52-week low is Rs 125 per share.

Atmastco Ltd. has announced a significant contractual agreement with Hindustan Zinc Limited, securing an engineering project valued at Rs 128 crore (excluding taxes) at the Dariba Smelting Complex in Rajsamand, Rajasthan. This domestic, one-time project, awarded based on a Letter of Intent, involves the execution of a substantial engineering contract. The project is to be completed within a defined timeframe, although the precise duration was not detailed in the provided information. There is no indication of any promoter/promoter group/group company interest in Hindustan Zinc Limited, nor is there any mention of this contract falling under related party transactions.

Atmastco Ltd. is a multi-faceted company that operates in three main sectors: engineering, procurement, and construction (EPC), fabrication/manufacturing and defence. They specialize in providing turnkey solutions for projects in the ferrous and non-ferrous sectors, meaning they handle all aspects of the project from design to completion. Their EPC division offers multi-disciplinary services and project management, ensuring a smooth and efficient process for their clients.

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Atmastco also has a well-established fabrication and manufacturing division. They design, manufacture, and supply precision equipment and heavy fabrication structures for various industries. These products include building components like girders, columns, and bracings, as well as pressure ducts and equipment for industrial use. Their client base is impressive, including big names like BHEL, Adani, Tata Steel and Vedanta. They operate two manufacturing facilities located in Durg district, Chhattisgarh.

The company has a market cap of Rs 493 crore. The shares of the company have an ROE of 30 per cent and an ROCE of 28 per cent. The stock is up by 59.5 per cent from its 52-week low of Rs 125 per share. Investors should keep an eye on this micro-cap stock.

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

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