Infra stock under ₹60 jumps 4% after securing ₹37 Cr order for over bridge project

During Wednesday’s trading session, the shares of one of the most proficient civil infrastructure solutions providers in India surged nearly 4.3 percent on BSE, after the company announced securing an order worth Rs. 37.2 crores for the construction of Road Over Bridge (ROB).

Stock Performance

With a market cap of Rs. 809.3 crores, at 02:43 p.m., the shares of Tantia Constructions Limited were trading in the green at Rs. 52.21, up by nearly 1.3 percent, as against its previous closing price of Rs. 51.57.

The stock delivered positive returns of nearly 49 percent in one year, as well as around 9.6 percent of returns in the last one month.

What’s the news

As per the latest regulatory filings with the stock exchanges, Tantia Constructions Limited has received a Letter of Acceptance (LoA) valued at approximately Rs. 37.2 crores from The Braithwaite and Jessop Construction Company Limited. 

This order is for the construction of a Road Over Bridge (ROB) to replace Level Crossing No. 476 at Km 1351/8-9 in the Banda Manikpur section of the North Central Railway, Jhansi Division.

The commencement of work will be considered from the date of the Letter of Acceptance (LoA), and the entire project must be completed within 15 months from the LoA date. 

The maintenance/defect liability period shall be for a minimum period of 12 months from the date of work completion.

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Financials

Tantia Constructions reported a significant growth in revenue from operations, experiencing a year-on-year rise of nearly 282 percent, increasing from Rs. 3.22 crores in Q2 FY24 to Rs. 12.3 crores in Q2 FY25.

Similarly, during the same period, the company’s net profit increased from a loss of Rs. 0.12 crores to a profit of Rs. 0.3 crores.

About the company

Tantia Constructions Limited is engaged in the business of executing critical infrastructure projects. 

The company began operations in the railways segment and over the years expanded to six other core infrastructure segments namely roads, urban development, infrastructure and industrial fabrication, power, marine and aviation.

Written by Shivani Singh

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