Era Infra Engineering was locked at 5% upper circuit at Rs 16.50 at 09:35 IST on BSE after the company bagged a construction contract from Airport Authority of India.
The company announced the fresh order win at fag end of the day's trading session on Tuesday, 2 September 2014. The stock had declined 0.63% to settle at Rs 15.80 on Tuesday, 2 September 2014.
Meanwhile, the BSE Sensex was up 102.26 points, or 0.38% to 27,121.65
On BSE, so far 3.59 lakh shares were traded in the counter as against an average daily volume of 1.06 lakh shares in the past one quarter.
The stock opened with an upward gap, surging by the maximum 5% daily circuit and remained locked at the 5% level at Rs 16.55 so far in the day. The stock had hit a 52-week high of Rs 154 on 2 September 2013 and a 52-week low of Rs 12.20 on 3 March 2014.
The company's equity capital is Rs 36.36. Face value per share is Rs 2.
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Era Infra Engineering secured a contract for construction of New Integrated Terminal Building at VSI Airport, Port Blair valuing Rs 314.61 crore (approximately) by Airport Authority of India (AAI).
Era Infra Engineering reported net loss of Rs 167.10 crore in Q1 June 2014 as compared to net profit of Rs 10.30 crore in Q1 June 2013. Net sales fell 67.8% to Rs 370.26 crore in Q1 June 2014 over Q1 June 2013.
Era Infra Engineering builds industrial complexes, residential buildings, multiplexes, super malls, power projects and airports.
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