The Dy.Cste Construction Ajmer Division of North Western Railway has awarded a significant contract to the company, valued at ₹46.79 crore, for signalling works. The project is slated for completion by July 20, 2026. This contract adds to the growing portfolio of projects for the company, which has already secured several lucrative orders in recent months.
Earlier in January, the company received a ₹14.63 crore work order from HPSES for the HQ-Language Lab project. Additionally, it secured a ₹78.43 crore order from Bharat Coking Coal for various works. In December, a project from the Central Warehousing Corporation worth ₹37.99 crore was also awarded to the company. These contracts reflect the company’s strong position in the infrastructure and construction sectors.
Looking ahead, the market is anticipating a significant 15-18% increase in the Ministry of Railways’ budgetary allocation in the upcoming Union Budget 2025-26, which will be presented on February 1, 2025. A budget boost could potentially drive more opportunities for infrastructure companies in the railway sector.
On the stock front, the company’s shares recently touched a 52-week high of ₹618 on July 12, 2024, but are currently trading 35.06% below this peak. The stock’s current price is also 33.18% above its 52-week low of ₹301.35, recorded on March 14, 2024, indicating some recent volatility but potential for growth as infrastructure spending ramps up.
Analysts are closely monitoring these developments as they could signal strong growth prospects for the company in the coming quarters.
