Multibagger Construction Company Secures Rs 104 Crore Order from L&T: Recently Signed MoU with Greenzo Energy India for Green Hydrogen in Gujarat
The company’s shares have delivered an impressive return of over 500 per cent in the past 1 year only.
RBM Infracon continues to strengthen its foothold in the infrastructure sector with a significant work order from Larsen & Toubro Limited. The updated order, received on October 4, 2024, which it announced today, amounts to Rs 104,261,802.80, a substantial increase from the original order of Rs 14,750,538.08 issued on July 29, 2024. This work order underscores RBM Infracon's growing capabilities and reputation within the industry.
In addition to this major development, RBM Infracon recently signed a groundbreaking Memorandum of Understanding (MoU) with Greenzo Energy India Limited for green hydrogen generation in Gujarat. The MoU aims to develop 15MW capacity hydrogen generation facilities across two locations—Jamnagar and Kutch—with a total investment of Rs 200 crore.
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Under this agreement, RBM Infracon will lead project development, while Greenzo Energy will handle design, engineering, and commissioning. The project will be implemented in phases, beginning in Jamnagar and expanding based on demand.
On Monday, the company’s shares closed the day at around Rs 978.35 per share and the current market capitalization stands at Rs 988.43 crore. Additionally, the shares have delivered an impressive multibagger return of around 500 per cent in the past 1 year only.
As per the Quarterly Results, in the Q1 FY25, RBM Infracon recorded a revenue of Rs 38.85 crore compared to Rs 19.52 crore representing a gain of around 99 per cent YoY. It reported an operating profit of Rs 4.78 crore with an operating profit margin of around 12.30 per cent which was earlier a profit of Rs1.33 crore and a margin of around 6.81 per cent in the same quarter last year. The net profit stood at Rs 3.29 crore compared to Rs 0.94 crore.
Incorporated in 2013, RBM Infracon is a Small-Cap company specializes in engineering, execution, testing, commissioning, and maintenance of mechanical and rotary equipment for industries including oil and gas refineries, cement, fertilizers, petrochemicals, and coal/gas-based power plants.
Disclaimer: The article is for informational purposes only and not investment advice.