Shares of Likhitha Infrastructure hit a record high of Rs 393, rallying 15 per cent on the BSE in intra-day trade on Monday. The stock has surged 23 per cent in past two trading days after bagging multiple orders from Indian Oil Adani Gas Private Limited.
Thus far in the calendar year 2021 (CY21), the stock of smallcap construction & engineering company has zoomed 138 per cent, as the company secured orders worth Rs 234.85 crore during the fourth quarter of financial year 2020-21 (Q4FY21). In comparison, the S&P BSE Sensex has moved up 3 per cent during this period. With strong rally in past couple of month, shares of the company have soared 228 per cent from its issue price of Rs 120. The company debuted at the exchanged on October 15, 2020.
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Six years on, piped gas project moves at a snail’s pace
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Network has reached only around 3,550 households in district
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Network has reached only around 3,550 households in district
Of around 42,000 households that have registered for piped natural gas connections provided by Indian Oil-Adani Gas Private Limited (IOAGPL) in the district, only around 3,550 houses are its actual consumers.
The company received authorisation from the Petroleum and Natural Gas Regulatory Board in 2015 and work began soon after, said Ajay Pillai, deputy general manager. Plumbing and connections have been provided in around 16,100 households, but the network has not yet reached all households where plumbing was done, he said.