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Oil stock to watch after it receives order worth ₹21 Cr from Mundra Petrochem

Oil stock secured a ₹21.38 crore contract for structural work in a Green PVC Project, strengthening its industrial infrastructure presence and reinforcing its role in large-scale energy projects.
Oil stock secured ₹21.38 crore contract for Green PVC Project, boosting industrial infrastructure presence.
Oil stock secured ₹21.38 crore contract for Green PVC Project, boosting industrial infrastructure presence.

Introduction:

Oil stock has secured a ₹21.38 crore contract for structural erection work in a major Green PVC Project. This order enhances its presence in industrial infrastructure, reinforcing its role in large-scale energy projects while ensuring timely execution and quality delivery.

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Share Price movement of RBM Infracon:

On March 3, 2025, RBM Infracon Ltd opened at ₹308.35, reaching a high of ₹335.00 up 3.3% from its previous close of ₹324.55 and a low of ₹308.35, Currently, it is trading at ₹308.35, with a market cap of ₹311.53 crore.

RBM Infracon received order:

RBM Infracon Limited has received a service order from Mundra Petrochem Ltd. for ₹21.38 crore. The contract involves structure erection work for the Cooling Hall of a Calcium Carbide Plant under the Green PVC Project. The order was issued on March 1, 2025.  

The contract is awarded by a domestic entity and does not involve any related party transactions. The scope of work includes structural erection, ensuring the plant’s efficient setup. This order further strengthens RBM Infracon’s position in the infrastructure and industrial construction sector.  

RBM Infracon continues to expand its project portfolio with strategic contracts across key industrial sectors. With a focus on timely execution and quality delivery, the company aims to enhance its market presence while supporting large-scale infrastructure developments in India.

Also Read:  Large cap stock in focus after securing order worth nearly ₹5,000 Cr for its power transmission and distribution business

Recent news About RBM Infracon:

RBM Infracon secured a ₹72.2 crore mechanical works order from Reliance Industries and a ₹42.4 crore fabrication contract from Nayara Energy. These projects strengthen its presence in the energy sector, showcasing its expertise in infrastructure and industrial construction.

Ace investor holding of RBM Infracon:

Vanaja Sundar Iyer holds 3,50,000 shares of RBM Infracon Ltd., valued at ₹10.8 crore. Her latest holding percentage is yet to be updated, but it stood at 3.46% in September 2024. Her investment reflects confidence in the company’s long-term growth potential in infrastructure.

Stock performance of RBM Infracon  for Period of 1 week, 6 months and 1 year:

RBM Infracon’s stock declined by 13.5% over the past week, reflecting short-term volatility. Over six months, it saw a sharp drop of 57.1%, indicating sustained downward pressure. The one-year performance shows a 54.4% decline, highlighting ongoing challenges impacting investor sentiment and stock movement.

Also Read: Hotel stock in focus after company partners with Indian Hotels for management of property in the Lakshadweep

Shareholding pattern of RBM Infracon:

SummarySep-24Jul-24Mar-24
Promoter 60.50%60.50%72.50%
FII0.00%0%0%
DII 0%0%0%
Public39.40%39.50%27.60%
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About RBM Infracon :

RBM Infracon (NSE: RBMINFRA)  is a leading infrastructure company specializing in industrial construction, engineering, and structural erection projects. With expertise in executing large-scale projects, it plays a key role in developing energy, petrochemical, and manufacturing facilities across India, ensuring quality and timely execution.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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