Penny stock under Rs 100: Civil construction company bags new order worth Rs 23,90,55,919 from Mumbai International Airport Ltd

The stock’s 52-week high is Rs 152.89 and its 52-week low is Rs 70.80.

Tarmat Limited has been awarded a contract worth Rs. 23,90,55,919 to construct Taxiway M (Phase 1) and other works at the Airside of Chhatrapati Shivaji Maharaj International Airport (CSMIA), Mumbai. This domestic contract, awarded by Mumbai International Airport Limited, requires Tarmat Limited to complete the civil works within six months from the date of the Notice to Proceed. The effective date of the contract is October 23, 2024.

Tarmat Limited, a renowned construction company established in 1986, specializes in building airfields and national & state highways. With ISO 9001:2008 certification, the company offers comprehensive engineering, procurement and construction (EPC) services for infrastructure projects. Tarmat has a proven track record of working on various projects, including airports, highways, ports, industrial areas, refineries and railways, for both government agencies and private entities. The company’s expertise extends to runway construction, parking bays, taxi tracks and national highway development.

Notable projects include recent work at Mumbai, Cochin, Trichy and Tuticorn airports, as well as national highway projects in Mizoram and Jammu. Additionally, Tarmat has successfully completed runway resurfacing at Mumbai and Delhi International Airports. The company’s clientele includes esteemed organizations such as the Airports Authority of India (AAI), Military Engineering Services (MES), Indian Navy, Maharashtra Industrial Development Corporation (MIDC) and more.

The stock’s 52-week high is Rs 152.89 and its 52-week low is Rs 70.80. The company has a market cap of over Rs 150 crore. Investors should keep an eye on this penny stock.

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