AB Infrabuild bags Rs 48.58 cr railway bridge contract from East Coast Railways

Govt Defence OrderBusiness Updates View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

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prior close

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Nifty Microcap 250market · in no size index; the smallest one is used+1.8%+3.0% vs market

Civil Construction peers, median of 94sector+1.0%+3.8% vs sector

On the reaction day the stock moved 3.0 pts more than Nifty Microcap 250 and 3.8 pts more than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 94Pending

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AI summary

A B Infrabuild has received a Letter of Acceptance from East Coast Railways, Indian Railways for construction of a Road Over Bridge with composite girders and T-beam girders, plus approach road, RE wall, service road and drain works between IPM-JPI stations on the KUR-PSA Main Line under Khurda Road Division. The domestic contract is valued at about Rs 48.58 crore with a 24 month execution period. No promoter or related party interest in the awarding entity.

Likely market impact

New government railway order worth Rs 48.58 cr strengthens order book with 24 month revenue visibility and low collection risk.