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08-Feb2018

RInfra rises on winning EPC contracts of Rs 1,881 crore for road projects

Reliance Infrastructure (RInfra) is currently trading at Rs. 442.00, up by 11.05 points or 2.56% from its previous closing of Rs. 430.95 on the BSE.

The scrip opened at Rs. 436.55 and has touched a high and low of Rs. 444.20 and Rs. 436.55 respectively. So far 114989 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 630.00 on 12-May-2017 and a 52 week low of Rs. 390.60 on 15-Nov-2017.

Last one week high and low of the scrip stood at Rs. 487.00 and Rs. 408.55 respectively. The current market cap of the company is Rs. 11662.29 crore.

The promoters holding in the company stood at 49.60%, while Institutions and Non-Institutions held 37.64% and 12.77% respectively.

Reliance Infrastructure (RInfra) has received Letters of Award (LOA) from Government of India undertakings for two road projects. The two projects have a combined value of Rs 1,881 crore. The road project LOAs have been received from the National Highways Authority of India (NHAI) are for the six-laning of a 69.5 km stretch of Aurangabad to Bihar-Jharkhand border (Chordaha) section of NH2 with a project cost of Rs 882 crore, and the adjoining 71.3 km stretch of the Bihar–Jharkhand border (Chordaha) to Gorhar section of NH-2 in Jharkhand for Rs 999 crore.

The six-laning of both the roads projects is under the Government of India's flagship National Highway Development Program (phase V) and is funded by NHAI. With these two back to back project wins, RInfra EPC order book rises to over Rs 12,300 crore.

Reliance Infrastructure is one of the largest infrastructure companies, developing projects through various Special Purpose Vehicles (SPVs) in several high growth sectors such as Power, Roads and Metro Rail in the Infrastructure space and the Defence sector.


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