A2Z Infra Engg advances after Contract win by its Subsidiary

A2Z Infra Engineering rose 2.38% to Rs 43.10 at 14:05 IST on BSE after the company said that Delhi Metro Rail Corporation awarded three facility management services contacts to its material subsidiary.

The announcement was made during market hours today, 16 December 2016.

Meanwhile, the S&P BSE Sensex was down 10.90 points or 0.04% at 26,508.17.

On the BSE, 3.12 lakh shares were traded on the counter so far as against the average daily volumes of 2.87 lakh shares in the past one quarter. The stock had hit a high of Rs 44 and a low of Rs 41.75 so far during the day. The stock had hit a 52-week high of Rs 51.65 on 1 November 2016 and a 52-week low of Rs 16.50 on 12 February 2016.

The stock had outperformed the market over the past one month till 15 December 2016, gaining 15.66% compared with the 0.82% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 9.35% as against Sensex’s 6.67% decline.

The small-cap company has equity capital of Rs 130.10 crore. Face value per share is Rs 10.

A2Z Infra Engineering announced that Delhi Metro Rail Corporation (DMRC), a joint venture of Government of India and Government of Delhi has awarded three facility management services contacts to A2Z Infraservices, a material subsidiary of the company.

The aggregate value of the contracts is Rs 39.31 crore, excluding service tax with additional increase in actual wages.

A2Z Infra Engineering reported net loss of Rs 16.65 crore in Q2 September 2016, higher than net loss of Rs 8.40 crore in Q2 September 2015. The company’s net sales declined 42.7% to Rs 149.38 crore in Q2 September 2016 over Q2 September 2015.

A2Z Infra Engineering (formerly known as A2Z Maintenance & Engineering Services) is a fast growing, fully integrated electrical business group (EBG) in India catering to the needs of domestic and international power sector clients in building distribution and transmission infrastructure.