RBM Infracon Bags a Cool ₹64.9 Million—Building Success, One Order at a Time!

RBM Infracon Ltd (NSE: RBMI.NS) declared the acquisition of a new work order worth ₹64.9 million (₹6.49 crore), further building up its healthy order book and adding to its stature as a top player in the infrastructure and engineering industry.

 

The firm, renowned for its experience in oil and gas refineries, petrochemicals, fertilizers, and power plants construction, maintenance, and turnaround services, remains to show robust momentum in securing key projects from public as well as private sector customers. This new work order follows a string of recent contract awards, such as sizeable orders from Oil and Natural Gas Corporation Ltd (ONGC) and Kalpataru Projects International Ltd, which have considerably boosted the company's order book to more than ₹4,884 crore.

 

RBM Infracon's consistent flow of new projects underscores its increasing reputation as a provider of high-quality engineering solutions and the capability to successfully execute complex projects across various industries. The company's recent financial results also mirrored this operational strength, with revenue and net profit recording significant year-on-year increases.

 

Stocks of RBM Infracon have reflected positively on these developments, with the stock recently having touched its 52-week high and having returned multibagger over the last year.

 

This new order of ₹64.9 million will further support the growth path of RBM Infracon, adding revenue visibility and reiterating its focus on punctual execution and customer satisfaction.

 

Sources: Trade Brains, NSE India (Press Release), DSIJ, NDTV Profit, Angel One