The company announced the new orders win during trading hours today, 2 December 2011.
Meanwhile, the BSE Sensex was up 294.14 points, or 1.78% to 16,777.59.
On BSE, 10,076 shares were traded in the counter compared with the average daily volume of 8,114 shares in the past one quarter.
The stock hit a high of Rs 188.95 and a low of Rs 177 so far during the day. The stock had hit a 52-week low of Rs 157.10 on 21 November 2011. The stock had hit a 52-week high of Rs 296.90 on 27 July 2011.
The small-cap stock had underperformed the market over the past one month till 1 December 2011, falling 16.94% compared with the Sensex's 5.71% fall. The scrip had also underperformed the market in past one quarter, sliding 24.34% as against 1.16% decline in the Sensex.
The company has an equity capital of Rs 16.74 crore. Face value per share is Rs 10.
Supreme Infrastructure India said the first road project awarded by Jaipur Development Authority (JDA) is for the development of the outer ring road in Jaipur city. The project was bagged by the company along with its joint venture (JV) partner Constructora Spain S.A. (Sanjose). The cost of the project is estimated at Rs 1,045 crore and will be a 60:40 JV between Sanjose and Supreme Infrastructure India.
Supreme Infrastructure India said its second road project involves work on Patiala-Malerkotla road. This project is a partially completed project and is taken from the original concessioner. The project is in Punjab and necessary approvals from Punjab Infrastructure Development Board have been taken by the company in this project, Supreme said in a statement. The project cost is estimated at Rs 93 crore and is expected to get completed in 4 months, the company added.
Supreme Infrastructure India said the third project in building vertical is for construction of 2nd phase of ESIC Hospital, Mumbai. The 2nd phase of the hospital is in addition to the 1st phase of the hospital which is already under execution by the company, Supreme said in a statement. The project order size is Rs 110 crore and is expected to be executed by December 2013, Supreme added.
Commenting on the latest orders, Mr Vikas B Sharma, Director, Supreme Infrastructure said, “We have added BOT's with a quicker turnaround time. This will ensure early toll collection for us thereby ensuring comfortable equity infusion in other large BOT projects. We remain committed in our endeavor to create value for our shareholders”.
Supreme Infrastructure India's net profit rose 19.5% to Rs 14.97 crore on 56.4% spurt in net sales to Rs 258.45 crore in Q2 September 2011 over Q2 September 2010.
Supreme Infrastructure India is engaged in construction services for infrastructure projects. Infrastructure projects include building roads, highways, rail over-bridges, fly-overs, and tunnel-ways for various government, semi-government, private agencies and corporate houses. The company has two crushing plant, two asphalt plant, one ready mix concrete plant and one wet mix plant all of them are located in Mumbai.
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