Rs 104.60 Crore Order Book: Logistics Company Receives Order Worth Rs 10.50 Crore From JK Cement Ltd

The stock is up by 63 per cent from its 52-week low of Rs 268.40 per share.

Tara Chand InfraLogistic Solutions Limited has secured a significant contract from JK Cement Ltd. The company will be responsible for the piling works at JK Cement's new greenfield cement plant in Buxar, Bihar. To execute this project successfully, Tara Chand will utilize its existing fleet of piling rigs, excavators, cranes, and other specialized equipment. Additionally, the company will deploy a skilled workforce to ensure timely and efficient completion. This contract marks a significant milestone for the company as it transitions from sub-contracting to direct execution of piling works.

Valued at Rs 10.50 crore (excluding taxes), this contract represents a new chapter for Tara Chand InfraLogistic Solutions Limited. It solidifies the company's position as a major player in the industrial piling sector and opens doors to future growth opportunities within its Construction Equipment Rental Segment. The company is committed to completing the project within the designated timeframe of Q3 and Q4 of FY25.

Tara Chand Infralogistic Solutions Limited is engaged in infrastructure construction projects and warehousing & transportation of steel. It has a fleet of large cranes, hydraulic piling rigs and concrete equipment. The company has a market cap of Rs 690 crore with a 3-year stock price CAGR of 81 per cent

On Friday, shares of Tara Chand InfraLogistic Solutions Limited plunged 1.37 per cent to Rs 437.95 per share with an intraday high of Rs 455.85 and an intraday low of Rs 425.80. The stock is up by 63 per cent from its 52-week low of Rs 268.40 per share. Investors should keep an eye on this micro-cap stock.

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