Om Infra, which had closed on Friday at Rs.30.5o, opened higher today at Rs.35.70 and soon went on to hit its 20% UC of the day at Rs.36.60 where it now remains frozen. Its 52-week high stands at Rs.56.70.
The company announced that its JV, where Om Infra has a 30% stake, has received a Letter of Acceptance from Brihan Mumbai Municipal Corporation (BMC) for the work of “ Design, Build and Operation & Maintenance of Bhandup Waste Water Treatment Facility under Mumbai Sewage Disposal Project-Stage-I] “(Priority Works)”.
This is for total consideration of Rs. 1170 crore.
The contract period for the subject work is 48 months for design & build and further 15 years of operation and maintenance.