Rs 4,884+ crore order book: This civil engineering company bags orders worth Rs 3,81,40,316.23 from Reliance Industries Ltd
The company has a market cap of over Rs 800 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 799.05 per share from its previous closing of Rs 761. The stock’s 52-week high is Rs 1,049 and its 52-week low is Rs 209.
RBM Infracon Limited, a leading engineering and infrastructure company, has secured a domestic Service Order from Reliance Industries Limited valued at Rs 3,81,40,316.23. This order pertains to Mechanical Works for Phase-1B and is set to be executed within a specific timeframe. The order was awarded on October 10, 2024, with a completion deadline of December 31, 2024.
RBM Infracon has secured new orders for various services, including LPG & Hydrogen Sphere M&I, CPP Boiler Bank & Water wall tubes replacement, UG piping fabrication & laying, and cased crossing work. Clients such as Nayara Energy Limited, Reliance Industries Limited, and Kalpataru Projects Limited have entrusted RBM Infracon with these projects. With this addition, the company's order book now exceeds Rs 4,898 crore, solidifying its position as a leading player in the engineering and infrastructure sectors.
About the Company
RBM Infracon Limited, a veteran in EPC contracts within Mechanical & Civil Engineering Construction Services, is dedicated to delivering comprehensive solutions across industries like refineries, jetties, petrochemicals, fertilizers, cement, power plants, and more. With over three decades of experience, the company is renowned for its quality, innovation, and client satisfaction. Headquartered in Jamnagar, Gujarat, with satellite offices in Ahmedabad and project sites nationwide, RBM Infracon leverages its strategic location, robust infrastructure, skilled workforce, and advanced technology to deliver timely and efficient solutions. Guided by the vision of "The Resonance of Excellence," the company strives for excellence that not only sets a benchmark but also leaves a lasting impact on the industry.
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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 800 crore with an ROE of 20 per cent and an ROCE of 28 per cent. The stock gave multibagger returns of 282 per cent from its 52-week low of Rs 209 per share. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.