10:1 Stock Split Ahead: Realty Stock Wins 2 Work Orders of Rs 59 Cr At Mumbai Airport

Today, attention is focused on RDB Infrastructure and Power Ltd, a small-cap real estate business that has obtained two contract orders from Tarmat Limited at Shivaji Maharaj International Airport (CSMIA) in Mumbai.

The company's objectives are to construct and strengthen the perimeter road on the airside of Chhatrapati Shivaji Maharaj International Airport (CSMIA) in Mumbai, as well as to carry out civil works for Taxiway "M" Phase 1 on the airside of the same airport.
The tentative amount of the contract will be Rs. 35,40,00,000 (including GST) (which include Expenses at Cost plus 4% Margin) for the construction of perimeter road on Airside at Chhatrapati Shivaji Maharaj International Airport (CSMIA) Mumbai whereas the the tentative amount of second contract will be Rs. Rs. 23,60,00,000/- (including GST) (which includes Expenses at Cost plus 4% Margin) for Taxiway "M" Phase-1 on Airside at Chhatrapati Shivaji Maharaj International Airport (CSMIA) Mumbai.

To increase share liquidity and diversify its investor base, RDB Infrastructure and Power Ltd. has also announced a 10:1 stock split. One equity share having a face value of Rs 10 will be split into ten equity shares, each with a face value of Rs 1. A record date for the aforementioned split will be announced when this proposal is presented to shareholders via an electronic voting postal ballot method.

One of the leading real estate firms in India, RDB Infrastructure and Power Ltd. was founded in 1981 and specialises in the construction of premium residential and commercial real estate. The company's portfolio includes high-rise residences, offices, shopping malls, and integrated townships. Its offices are in Hyderabad, Mumbai, and Kolkata.

In Q2 FY25, the company's standalone net profit increased by 112.5% to Rs 1.70 crore from Rs 0.80 crore in Q2 FY24. In Q2 of FY25, operating revenue jumped 112.84% year over year to Rs 32.48 crore. With effect from December 4, 2024, the firm has changed its name from RDB Realty & Infrastructure to RDB Infrastructure and Power, and the Ministry of Corporate Affairs has granted a new Certificate of Incorporation in response.

On Monday, the shares of RDB Infrastructure and Power were trading at a 2% lower circuit limit at Rs 547.40 per share with a market cap of Rs 946.09Cr. The realty stock clocked a 52-week-high of Rs 612.65 on (10/12/2024) and a 52-week-low of Rs 102.28 on (29/01/2024).