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14-Sep2018

RDB Realty surges on entering into JV agreement with HYT Engineering

RDB Realty & Infrastructure is currently trading at Rs. 54.45, up by 2.50 points or 4.81% from its previous closing of Rs. 51.95 on the BSE.

The scrip opened at Rs. 49.40 and has touched a high and low of Rs. 54.50 and Rs. 49.40 respectively. So far 9045 shares were traded on the counter.

The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 64.00 on 28-Nov-2017 and a 52 week low of Rs. 27.00 on 03-Jul-2018.

Last one week high and low of the scrip stood at Rs. 55.80 and Rs. 44.00 respectively. The current market cap of the company is Rs. 94.11 crore.

The promoters holding in the company stood at 73.99%, while Institutions and Non-Institutions held 0.01% and 26.00% respectively.

RDB Realty & Infrastructure has entered into a Joint Venture (JV) Agreement with HYT Engineering Company and the name of the JV is 'HYT-RDBRIL (JV)'.

The JV partners, through the JV, will carry out the work of Augmentation of POH Capacity from 400 to 500 wagons per month at Wagon Repair Shop, Raipur, South East Central Railway. This work has been awarded vide letter of acceptance (LOA) by the Central Organization for Modernisation of Workshops (Indian Railways), Railway Offices Complex, Tilak Bridge, New Delhi.

RDB Realty and Infrastructure focuses on real estate development and related activities in India. It engages in the acquisition and development of land, as well as the construction of residential, commercial, and various real estate and infrastructural projects.


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