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Infra stock jumps 4% after company received multiple work orders worth ₹ 44.14 Cr 

Published 14-06-2024, 02:50 pm
Infra stock jumps 4% after company received multiple work orders worth ₹ 44.14 Cr
ADVF
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Infra stock engaged in the business of providing products and solutions for power transmission, substation, telecommunication infrastructure and many more jumped 4 percent in the day’s trade upon receiving multiple work order worth Rs. 44.14 Crores from Gujarat Energy Transmission Corporation Limited.

With a market capitalization of Rs. 1,958 Crores, the shares of Advait Infratech (BO:ADVF) Limited were trading at Rs. 1,920 per equity share, up 4.29 percent from its previous day’s close price of Rs. 1,841.

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Advait Infratech Limited has received two work orders from Gujarat Energy Transmission Corporation Limited for a total consideration of Rs. 44.14 Crores. The first work order is for a consideration of Rs. 16.27 Crores for Uprating of existing 66KV Line on tower by HTLS conductor including Associated Equipment for 27.516 RKM and the work order should be executed in 6 months.

The second work order received is for a consideration of Rs. 27.87 Crores for the Uprating of existing 66KV Line by HTLS conductor including Associated Equipment for 45.872 RKM, and the work order should be executed in 6 months.

Advait Infratech Limited is engaged in the business of providing products and solutions for power transmission, substation, and telecommunication infrastructure. It operates in various verticals such as Turnkey Telecommunication Projects, Installation of the Power Transmission, Sub Station and Telecom Products. It has strong order book of Rs. 209.85 Crores.

Its revenue from operations grew by 46.18 percent from Rs. 40.86 Crores in Q4FY23 to Rs. 59.73 Crores in Q4FY24, accompanied by profits of Rs. 3.5 Crores to Rs. 7.23 Crores.

In terms of Return ratios, it has reported a return on equity (ROE) of 37.6 percent and a return on capital employed (ROCE) of 37.9 percent. It has reported a debt-to-equity ratio of 0.81.

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Written by Bharath KS

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