Reliance Infrastructure was up 0.43% to Rs 445.55 at 14:00 IST on BSE after the company said it bagged Rs 3647 crore EPC contract for Uppur Thermal Power Project.
The announcement was made during trading hours today, 22 February 2018.Meanwhile, the S&P BSE Sensex was down 70.11 points, or 0.21% to 33,774.75.
On the BSE, 1.39 lakh shares were traded in the counter so far compared with average daily volumes of 4.25 lakh shares in the past one quarter.
Trading in the counter was volatile. The stock rose 1.14% at the day's high of Rs 448.70 in intraday trade. The stock fell 0.88% at the day's low of Rs 439.75 in intraday trade.
The stock hit a 52-week high of Rs 630 on 12 May 2017. The stock hit a 52-week low of Rs 390.60 on 15 November 2017.
The stock had underperformed the market over the past 30 days till 21 February 2018, falling 14.20% compared with 6.35% fall in the Sensex.
The scrip had also underperformed the market in past one quarter, falling 1.11% as against Sensex's 0.76% rise. The scrip had also underperformed the market in past one year, falling 21.58% as against Sensex's 17.25% rise.
The large-cap company has equity capital of Rs 262.99 crore. Face value per share is Rs 10.
Reliance Infrastructure has won a prestigious engineering, procurement and construction (EPC) contract for Rs 3647 crore from Tamil Nadu Generation and Distribution Corporation (TANGEDCO) for balance of plant (BOP) package and allied civil works for 2x800 megawatts (MW) supercritical coal-based Uppur Thermal Power Project at Ramanathapuram District in Tamil Nadu.
The contract entails design, engineering, supply, erection, testing and commissioning of BOP package and allied civil works on EPC basis. The project is to be commissioned in 36 months.
With this contract, Reliance Infrastructure's EPC order book now stands at over Rs 15000 crore.
Reliance Infrastructure said it is targeting EPC opportunities worth Rs 2 lakh crore and increase the EPC order book to Rs 50,000 crore by FY 2019.
On a consolidated basis, net profit of Reliance Infrastructure declined 19.59% to Rs 301.38 crore on 1.71% rise in net sales to Rs 5659.34 crore in Q3 December 2017 over Q3 December 2016.
Reliance Infrastructure (RInfra) 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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