Vishnu Prakash R Punglia Ltd Shares Gain On Securing Order Worth Rs 634.41 Crores

Engineering, procurement, and construction (EPC) firm Vishnu Prakash R Punglia Limited (VPRP) shares on Tuesday hit a 52-week high after the company announced it has received a Letter of Award (LoA) worth Rs 634.41 Crore from Office of Madhya Pradesh Jal Nigam.

The LoA for the order includes engineering, procuring, testing, engineering, commissioning, operation, and maintenance, and a trial run for 10 years of the Chillar Dam Multi-Village Drinking Water Supply Scheme in the Shajapur District. The project is in a single package on a 'Turn-key Job Basis'.

Stock Outlook

Vishnu Prakash R Punglia Ltd was listed on Monday, Sept 05, 2023, at Rs 163.30 apiece, a premium of 64.95% on the BSE.

On Tuesday, the share price of VPRP surged 2.88% to close at Rs 181.52 apiece on the BSE after hitting 52-week high of Rs 189.11 apiece. Its 52-week low is Rs 144 apiece.

The stock has gained over 3.99% in the past one week, while in 2 weeks, it gained 18.62%. It has a market cap of Rs 2,262.54 Crore.

About - Vishnu Prakash R Punglia Limited (VPRP)

Vishnu Prakash R Punglia Limited (VPRP) is a certified integrated engineering, procurement, and construction (EPC) company. Vishnu Prakash R Punglia Limited is engaged in the business of designing and constructing infrastructure projects for the Central and State Governments, autonomous bodies, and private bodies across 9 States and 1 Union territory in India. I