This penny stock jumps 5% on securing 10th major work order for AM-164 improvement projectThis penny stock jumps 5% on securing 10th major work order for AM-164 improvement project

Introduction

Leading infrastructure company secures Rs. 3.61 crore contract to execute 2,66,000 SQMT Micro Surfacing work in Akola district for Shree Palsiddha Construction Pvt Ltd.

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Share price movement of Sanmit Infra

On March 10, 2026, Sanmit Infra Ltd opened at ₹6.00, down 3.23% from its previous close of ₹6.20. The stock reached a high of ₹6.49 (4.68%) and a low of ₹6.00. By 12:35 PM, it traded at ₹6.33, a 2.10% increase, with a market cap of ₹100.02 crore.

Sanmit Infra Secures Micro Surfacing Order

Sanmit Infra Limited has secured its tenth significant work order for 2,66,000 SQMT Micro Surfacing at AM-164 Improvement Project in Akola district. The contract is from Shree Palsiddha Construction Pvt Ltd.

The project covers the stretch from Mhaisang to Aasara Km 25+100 to 65+200 under MRIP on hybrid mode. Mobilization advance of Rs. 10 lakh will be provided with the work order.

Sanmit Infra’s scope includes machinery, manpower, materials, fuel, supervision, QC/QA, and execution of Micro Surfacing course. Shree Palsiddha Construction handles base camp, traffic diversion, and administrative support.

The contract value is Rs. 3.61 crore, including GST at 18%. Work will commence on April 1, 2026, and is scheduled for completion by May 31, 2026, with a 12-month defect liability period.

Stock performance of Sanmit Infra for period of 1 week, 6 months, and 1 year

Sanmit Infra Ltd declined 8.55% over the past week, fell 33.5% in six months, and dropped 38.2% over the past one year.

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Shareholding pattern of Sanmit Infra

Particulars	Dec 2025	Sep 2025	Jun 2025
Promoter	72%	72%	72.30%
FII	0.00%	0.00%	0.00%
DII	0%	0%	0%
Public	27.70%	27.70%	27.70%

About Sanmit Infra

Sanmit Infra Ltd (BSE: 532435) operates in infrastructure development, petroleum products trading, and realty businesses. The company is part of the Makhija Group.

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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.

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