Shares of BCPL Railway Infrastructure that were muted on Wednesday shot up sharply as soon as the announcement was made.
What Happened: BCPL Railway Infrastructure informed the exchanges on Wednesday that it has won a project to upgrade the electric traction system in the Kharagpur-Bhadrak section of the Kharagpur Division of South Eastern Railway under RVNL. The project entails the design, supply, erection, testing, and commissioning for the enhancement of the electric traction System from 1 x 25 KV to 2 x 25 KV.
The objective is to achieve a 3000 MT loading target. The project is slated for completion over a span of 16 months. The order is worth around ₹71 crore.
See Also: Why This Analyst Thinks Ola Electric Shares Could Sink Below ₹100
With a market cap of around ₹160 crore, the micro-cap company specialises in the railway infrastructure development sector. Its business operations encompass various activities, including the design, drawing, supply, erection, and commissioning of 25 kilovolts, 50 Hertz Single Phase Traction Overhead Equipment for railway systems.
Price Action: BCPL's share price was locked in the 5% upper circuit at ₹99.05 on Wednesday.
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