Introduction:
Leading infrastructure firm has partnered with NTPC GE Power Services to explore opportunities in the power sector. This collaboration aims to enhance expertise in EPC, operations, maintenance, and advisory services, expanding capabilities and footprint through a joint venture or consortium agreement for future projects.
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Share price movement of Vishnusurya Projects and Infra Ltd:
As of 11:49 AM on November 22, Vishnusurya Projects and Infra Ltd was trading at ₹250.05, showing a decrease of 2.06% from the previous close of ₹255.30. The stock opened at ₹248.00, down by 2.86%, reached an intraday high of ₹253.00, a decrease of 0.88%, and a low of ₹248.00, down by 2.86%. The market cap stood at ₹615.36 crore.
Vishnusurya and NTPC GE partnership:
Vishnusurya Projects and Infra Limited has signed a Memorandum of Understanding (MoU) with NTPC GE Power Services Private Limited (NGSL) on November 21, 2024. The MoU aims to explore opportunities in power sector projects, including Engineering Procurement & Construction (EPC).
The collaboration will allow both companies to leverage their expertise in achieving mutual goals, primarily by participating in bids for various power sector initiatives. The partnership will focus on identifying potential opportunities in O&M, and other related services in the sector.
The partnership will operate through a Consortium or Joint Venture Agreement, with each project subject to mutually agreed terms. This arrangement aims to enhance both companies’ capabilities and expand their footprint in the power sector by utilizing collective strengths.
Recent news on Vishnusurya Projects and Infra Ltd:
As of November 22, Vishnusurya Projects and Infra Ltd saw its shares decrease by 28% over the past month, following strong gains earlier. Despite this drop, the stock has grown by 82% over the last year. The company is facing weak investor sentiment, with earnings growth not expected to outperform the market.
Ace investor holding in Vishnusurya Projects and Infra Ltd:
Maneesh Parmar
Maneesh Parmar holds a 2.54% stake in Vishnusurya Projects and Infra Ltd, owning 625,000 shares valued at ₹15.6 crore. This reflects his significant investment in the company, contributing to its overall equity structure.
Vaitheeswaran Thiagarajan
Vaitheeswaran Thiagarajan holds a 1.73% stake in Vishnusurya Projects and Infra Ltd, owning 425,000 shares worth ₹10.6 crore. His investment contributes significantly to the company’s overall equity position, reflecting confidence in its potential.
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Stock performance of Vishnusurya Projects and Infra Ltd for Period of 1 week, 6 months and 1 year:
Vishnusurya Projects and Infra Ltd has shown a -6.12% return over the past week but has delivered an 18.8% return in the last six months. The company’s one-year performance is stable with a 4.46% return. This reflects some short-term volatility but solid mid-term growth.
Shareholding pattern of Vishnusurya Projects and Infra Ltd:
| All values in % | Sep 2024 | Mar 2024 | Oct 09, 2023 |
| Promoter | 62.20% | 62.20% | 62.20% |
| FII | 0.00% | 0% | 0.40% |
| DII | 0% | 0% | 3.30% |
| Public | 37.70% | 37.80% | 34.10% |
About the company Vishnusurya Projects and Infra Ltd:
Vishnusurya Projects and Infra Ltd (NSE: VISHNUINFR), established in 1996, is an ISO 9001:2015 certified company specializing in turnkey infrastructure projects. Part of the Agni Group, it focuses on EPC projects in sectors like transportation, railways, and mining, with expertise in large-scale civil and commercial construction.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
