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A B Infrabuild Ltd ( (IN:ABINFRA) ) just unveiled an update.
A B Infrabuild Limited has secured a domestic contract from East Coast Railway, a division of Indian Railways, valued at about Rs 48.68 crore and scheduled to be executed over 24 months. The mandate covers construction of a road over bridge on the Howrah-Vishakhapatnam main line to replace a level crossing, as well as technical services for feasibility studies, detailed project reports and design development to eliminate nine additional level crossings via new bridges and related works.
The new order deepens A B Infrabuild’s engagement with the rail infrastructure segment and underscores its capability in both execution and consultancy for complex transport projects. The award is likely to strengthen the company’s order book and revenue visibility while supporting broader rail safety and decongestion initiatives through the removal of critical level crossings on the busy East Coast Railway network.
More about A B Infrabuild Ltd
A B Infrabuild Limited operates in the infrastructure and construction sector, focusing on civil engineering projects such as bridges, roads and related railway infrastructure. The company works with large public-sector clients in India, including divisions of Indian Railways, positioning it within the transport and urban development value chain.
Average Trading Volume: 116,382
Technical Sentiment Signal: Buy
Current Market Cap: 10.86B INR
For a thorough assessment of ABINFRA stock, go to TipRanks’ Stock Analysis page.