Maytas Infra trades in green on completing the high pressure gas pipeline project

Maytas Infra is currently trading at Rs 34.80, up by 0.25 points or 0.72% from its previous closing of Rs 34.55 on the BSE.

The scrip open at Rs 34.60 and has touched a high of Rs 36.25 with a low of Rs 34.60. So far 1,02,345 shares were traded on the BSE.

The BSE group ‘B’ Mid cap stock of face value Rs 10 has touched a 52 week high of Rs 750 on April 2, 2008 and a 52 week low of Rs 31.40 on March 9, 2009.

The BSE mid cap index is currently trading at 2,887.17, down by 1.60% from its previous closing.

The scrip price has witnessed a positive change of 1.16% since last week and a correction of 16.65% since last month.

Maytas Infra has achieved a significant milestone by completing the commissioning process for 110 km high pressure gas pipeline project between Rajkot and Jamnagar (RJPL) in Gujarat on March 25, 2009.

Gujarat state owned Gujarat State Petronet (GSPL) awarded the Rs 303.45 crore, EPC contract to MNJV which is a joint venture between Maytas Infra and Naftogazbud, a Ukrainian giant in pipeline construction. The pipeline is being laid to supply Natural Gas to Reliance’s upcoming refinery at Jamnagar from the Godavari Basin in Kakinada.

The commissioning also marks Maytas Infra winning the certification to do jobs for line diameters of 48′ in O&G projects - which puts Maytas Intra into an elite league.