Modern Engineering & Projects Ltd. (MEP) has announced the receipt of a significant work order worth Rs 157.46 crore from Square Port Shipyard Private Limited for the construction of a slipway, transfer bay, repair bay, and extension of the jetty at Dhabol.
Project Details:
- Client: Square Port Shipyard Pvt. Ltd.
- Project: Slipway, Transfer Bay, Repair Bay, and Jetty Extension at Dhabol
- Value: ₹157.46 Crore (excluding GST)
- Timeline: Expected completion within 9 months
This project marks a major milestone for MEP, enhancing its order book and revenue outlook. With a quick turnaround time, it is expected to have an immediate positive impact on the company’s financial performance.
In the meantime, Modern Engineering’s shares opened at Rs 40.67, peaking at the same value and dipping to a low of Rs 39.86 on the day. The stock has seen considerable fluctuation over the past year, with a 52-week high of Rs 87.33 and a low of Rs 12.97.
