BCPL Railway Infra shares gain 2% on bagging Rs 3.26-crore project

The share touched a 52-week high of Rs 119.95 and a 52-week low of Rs 35.60 on 21 November, 2023 and 24 March, 2023, respectively.

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The share price of BCPL Railway Infrastructure was up nearly 2 percent to Rs 108.74 in early trade on November 23 after the company received a Rs 3.26-crore project.

The company received an electrification project under the Gati Shakti Sealdah division of the Eastern Railway with a total project cost of Rs 3.26 crore and it is expected to be executed over 12 months.

This order has been received for the work of 25 KV OHE and allied electrical works in connection with Provision of 12 Mtrs. Wide FOB at (i) KNJ Stn, (ii) STB Stn, (iii) BPC Stn, (iv) BTY Stn and (v) BNJ Stn of Sealdah Division.

“We, at BCPL Railway Infrastructure Limited, are pleased to inform our stakeholders on our recent order intake under Gati Shakti Sealdah Division of the Eastern Railway. The value of this order is Rs 32.62 million and we are quite optimistic about the pipeline of orders in the coming months and in near future also,” said Aparesh Nandi, chairman of BCPL Railway Infrastructure.

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The company in the quarter ended September 2023 posted a 36 percent jump in its net profit at Rs 2.04 crore.

At 9:29am, BCPL Railway Infrastructure was quoting Rs 108.74, up Rs 1.93, or 1.81 percent, on the BSE. The share touched a 52-week high of Rs 119.95 and a 52-week low of Rs 35.60 on 21 November 2023 and 24 March 2023, respectively.

The stock is trading 9.35 percent below its 52-week high and 205.45 percent above its 52-week low.