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Smallcap stock hits 5% upper circuit after it receives order worth ₹151 Cr from Govt of Meghalaya

Smallcap infrastructure firm has received a ₹151 crore order from the Directorate of Tourism, Shillong, for designing, constructing, and operating a passenger ropeway at Shillong Peak under an EPC contract.
Smallcap stock surges 5% after securing ₹151 Cr order from Govt of Meghalaya for ropeway.

Introduction:

Smallcap infrastructure firm has secured a ₹151 crore order from the Directorate of Tourism, Shillong, for the design, construction, and operation of a passenger ropeway at Shillong Peak. The project will be executed under an EPC contract.

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Share price movement of Tantia Constructions:

On December 5, 2024, Tantia Constructions Ltd opened at ₹45.42, up 2.64% from its previous close of ₹44.25. The stock reached a high of ₹46.46 (4.99%) and a low of ₹44.57. The stock closed at ₹46.46, a 4.99% increase, with a market cap of ₹720.13 crore.

Tantia Constructions secures ropeway project:

Tantia Constructions Limited has received a Letter of Acceptance for an order valued at ₹151 crore from the Directorate of Tourism, Shillong, Meghalaya. This award is for the design, supply, construction, and operation of a passenger ropeway at Shillong Peak.

The project will be executed by a consortium, with Tantia Constructions holding a 60% share. The contract is structured on an Engineering, Procurement, and Construction (EPC) mode, which covers the entire scope from design to operation and maintenance of the ropeway system.

This contract marks a significant development for Tantia Constructions, reinforcing its position in the infrastructure sector. The company’s compliance with SEBI Listing Regulations is confirmed, with the letter of acceptance dated December 3, 2024, filed for record.

Stock performance of Tantia Constructions for Period of 1 week, 6 months and 1 year:

Tantia Constructions Ltd. has shown strong performance, with an 8.46% return over the past week, 28.9% over six months, and an impressive 98% return over the last year, reflecting robust growth and market confidence.

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Shareholding pattern of Tantia Constructions:

All values in %Sep 2024Jun 2024Mar 2024
Promoter94.30%94.40%95.00%
FII0%0%0%
DII0%0%0%
Public5.70%5.60%5.00%

About Tantia Constructions:

Tantia Constructions Ltd. (NSE: TCLCONS) is an India-based infrastructure company specialising in civil infrastructure solutions such as roads, bridges, power transmission, and urban development. Founded in 1964, it has a rich history of building major infrastructure projects across India.

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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फार्मा स्टॉक में उछाल, ₹177 करोड़ के ब्राउनफील्ड प्रोजेक्ट के लिए कैपेक्स की घोषणा की।

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