RBM Infracon shares will be in focus on Monday after the company announced that it has bagged ₹354.76 crore order from Epitome Industries.
RBM Infracon Ltd has won a service order worth Rs 354.76 crore from Mumbai-based Epitome Industries India Ltd, the company told the National Stock Exchange in a regulatory filing on October 30.
The order, inclusive of all taxes and duties, was received by email on the same day. The company will provide design, engineering, construction, erection, testing and commissioning services for all buildings and structures under the contract.
RBM Infracon is expected to complete the project in 18 months.
The Ahmedabad-based infrastructure company has not said how the order compares with its current order book or annual revenue. Investors will watch for those details and for how quickly work begins in the coming quarters.
When we look at the stock performance, the share of RBM Infracom slipped to ₹189.30 after a sharp fall of ₹5.20, or 2.67%, on the last day of trading on Friday.
A quick look at the company’s shareholding pattern reveals that 62% of the company’s shares are held by the promoters; there are no holdings by FII or DII, and the remaining 37% is held by others.
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