Likhita Infrastructure shares soar 8{bce2ac57dae147ae13b811f47f24d80c66c6ab504b39dda4a9b6e8ac93725942} on Rs 146 crore order win

Shares of Likhita Infrastructure soared over 8 per cent to Rs 406.60 on the BSE in Wednesday’s intraday session after the corporate, post-market hours, mentioned it secured an order value Rs 145.86 crore from Indradhanush Gasoline Grid Restricted (IGGL). Up to now two classes, the inventory has gained almost 13 per cent.

At 10.03 am, the inventory was buying and selling 6.18 per cent greater at Rs 398.75 on the BSE. On the identical time, the barometer Sensex was up 0.58 per cent at 57,883.54.

The corporate in an trade submitting on Tuesday mentioned it has obtained an order value Rs 145.86 crore from Indradhanush Gasoline Grid Restricted (IGGL) vide letter dated August 30, 2021, for laying and building of Metal Gasoline pipeline and terminals together with related services for part 5 & 9 of North-East Gasoline Grid (NEGG) Mission.

It additional mentioned that the corporate obtained varied orders value 2.80 crore from Oil & Gasoline distribution corporations in the course of the interval from June 2021 so far for town fuel distribution pipeline and associated works. With this, the worth of the entire excellent order e-book as of August 31 stood at roughly Rs 1,020 crore.

The inventory had hit a report excessive of Rs 480 on June 11, 2021, following a robust efficiency within the fourth quarter of the monetary yr 2020-21. The scrip had listed on exchanges on October 15 final yr at Rs 130 per share towards the problem value of Rs 120.

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