Generic Engineering Construction & Projects Limited (“Generic”) has been awarded new work orders worth Rs 80.80 Crs (including GST) on various institutional projects from new prestigious clients, including a residential project in Panvel valued at Rs 44 , 68 Crs owned (plus GST) by Cityopia Ventures Private Limited and special project for the structural construction of a replica of 12 Jyotrilings (Shiv Dham Phase I) in Kangnidar (Mandi), Himachal Pradesh for Rs 36.12 crs from Himachal Pradesh Tourism Development Corporation Limited.
At the same time, Mr. Manish Patel, Managing Director said: “We are delighted with this new contract win. We are proud to be selected based on the strengths of our technical and financial offerings. We are continually striving to add more contracts.” We are convinced of the company’s growing execution capabilities across PAN India.
On receipt of the above, the total current outstanding backlog stands at Rs. 1288.58 crore.
The shares of Generic Engineering Construction and Projects Ltd were last traded in BSE at Rs. 56.5, compared to the previous closing of Rs. 57.6. The total number of stocks traded during the day was 8,670 in over 199 trades.
The stock hit an intraday high of Rs. 61 and an intraday low of 56.5. Net sales during the day were Rs. 506568.