Hot Pursuit     06-Apr-11
Supreme Infrastructure recovers after winning new orders
Supreme Infrastructure India was up 0.9% to Rs 247.25 at 13:52 IST on BSE, off the session's low of Rs 240, after the company bagged four construction contracts aggregating Rs 389.15 crore.

At the day's low of Rs 240, the stock had lost 2.06% before the company announced the new orders during trading hours.

Meanwhile, the BSE Sensex was down 26.14 points, or 0.13%, to 19,660.68.

On BSE, 88,180 shares were traded in the counter as against average daily volume of 12,136 shares over the past one quarter.

The stock hit a high of Rs 254.40 and a low of Rs 240 so far during the day.

The company has an equity capital of Rs 16.74 crore. Face value per share is Rs 10.

Supreme Infrastructure said one of the four orders valued at Rs 270 crore is for a joint venture of the firm in which it has a majority stake. This order is from Oswal Chemicals & Fertilizers for construction of multistory buildings complex. The second order worth Rs 90.24 crore is from National Buildings Construction Corporation (NBCC) for the construction of building for ESIC at Andheri, Mumbai. The project is to be executed within a period of 15 months. The third order valued at Rs 22 crore is from Orbit Corporations for construction of 39-storied tower. The fourth order worth Rs 6.91 crore is from Creative Marketing and Investments for construction of residential bungalow at Juhu, Mumbai.

Supreme Infrastructure said since all these projects are in Mumbai, the company will cater the requirement of concrete from its existing RMC units in Mumbai which will be a huge added benefit at operational level and in turn boost the economies of the backward integration model of the company with least requirement for additional capital expenditure.

Supreme Infrastructure India's net profit surged 65.3% to Rs 18.96 crore on 68.3% rise in net sales to Rs 240.29 crore in Q3 December 2010 over Q3 December 2009.

Previous News
  Supreme Infrastructure India schedules board meeting
 ( Corporate News - 04-Jun-22   09:54 )
  Supreme Infrastructure India reports standalone net loss of Rs 114.55 crore in the December 2019 quarter
 ( Results - Announcements 25-Mar-20   10:21 )
  Supreme Infrastructure India to conduct board meeting
 ( Corporate News - 25-Sep-24   10:10 )
  Supreme Infrastructure India to hold AGM
 ( Corporate News - 14-Sep-16   17:52 )
  Supreme Infrastructure India schedules board meeting
 ( Corporate News - 21-Dec-20   09:05 )
  Supreme Infrastructure India postpones board meeting
 ( Corporate News - 22-Sep-22   09:40 )
  Supreme Infrastructure India reports consolidated net loss of Rs 196.60 crore in the December 2021 quarter
 ( Results - Announcements 15-Feb-22   08:29 )
  Supreme Infrastructure India to convene AGM
 ( Corporate News - 12-Dec-19   10:21 )
  Supreme Infrastructure India to convene AGM
 ( Corporate News - 15-Sep-23   12:36 )
  Supreme Infrastructure India bags EPC work
 ( Corporate News - 29-Apr-15   18:46 )
  Supreme Infrastructure builds on sound Q3 results
 ( Hot Pursuit - 14-Feb-11   14:00 )
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