Rs 4,884+ crore order book: This civil engineering company bags orders worth Rs 2,26,63,850 from Reliance Industries Ltd and Kalpataru Projects International Ltd
The company has a market cap of over Rs 950 crore with an ROE of 20 per cent and an ROCE of 28 per cent.
On Wednesday, one of the Top Gainers on NSE, shares of RBM Infracon Ltd hit a 5 per cent upper circuit to Rs 942.60 per share from its previous closing of Rs 897.75. The stock’s 52-week high is Rs 1,000 and its 52-week low is Rs 109.60
RBM Infracon Limited is pleased to announce that it has secured two new contracts, totalling a significant value. The first contract, valued at Rs 13,105,850.00, was awarded by Reliance Industries Limited for UG piping fabrication and laying work for their PV Manufacturing Complex in Jamnagar. The second contract, valued at Rs 95,58,000.00, was awarded by Kalpataru Projects International Limited for cased crossing work.
These contracts further solidify RBM Infracon's position as a leading player in the engineering and infrastructure sector. The company's expertise in EPC contracts and comprehensive mechanical and rotary equipment services has been instrumental in securing these prestigious projects.
Earlier this year, RBM Infracon secured a major contract from Oil and Natural Gas Corporation Limited (ONGC), valued at Rs. 3,498+ crore. This significant achievement highlights the company's commitment to excellence and innovation in the Oil & Gas sector. RBM Infracon's ability to consistently deliver high-quality solutions and contribute to the nation's growth has been a key factor in its success. The addition of these contracts to RBM Infracon's order book brings the total value to an impressive Rs. 4,884+ crore, demonstrating the company's strong growth trajectory and market position.
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About the Company
RBM Infracon Limited, founded in 2013, specializes in mechanical engineering and construction for various industries. They offer comprehensive services, including piping, tankage, maintenance, and electrical systems. The company primarily secures contracts through direct negotiations with medium to large infrastructure companies. RBM Infracon has successfully collaborated with industry giants such as Reliance Industries, Nayara Energy Limited, Afcons Infrastructure Ltd., Chemie-Tech-DORC-Nigeria, Chemie-Tech-Malta, GPPL- Malta, YARA Fertilizers, TATA Projects and L&T, demonstrating their capacity to deliver on large-scale projects.
The company has a market cap of over Rs 950 crore with an ROE of 20 per cent and an ROCE of 28 per cent. The stock gave multibagger returns of 760 per cent from its 52-week low of Rs 109.60 per share. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.