A2Z Infra at new high, again!

A2Z Infra Engineering  (formerly known as A2Z Maintenance & Engineering Services Limited) is in the limelight today morning. The stock price is currently up over 5% at its intra day high point of Rs.29 with volumes of some 1.5 lakh shares.

This is an EPC company service provider in power transmission and distribution sector with focus on distribution. It is also into renewable energy generation with its bio-mass based power plants in Punjab, collaborating with the sugar mills there.

The company has been showing a good receipt of orders for the past couple of months and once again on 10th June, it announced another order – this time from Nepal Electricity Authority (a Government of Nepal Undertaking) for Expansion of Distribution Network in the Western Region of Nepal. The contract price of this order is at US$13.56 million (around Rs.91 crore).

Prior to this, the company had received a Rs.101 crore order from U.P Rajkiya Nirman Nigam Limited (a State Government Undertaking), for the construction of GIS GRID sub-station on Turnkey Basis (Survey, Design, Civil Work, Installation, Testing & Commissioning) in Noida.