A2Z Infra Engg

A2Z Infra Engineering was up almost 7% during intra day at Rs.42.45, not too far away from its 52-week high of Rs.51.65.

We always tend to associate this company with Rakesh Jhunjhunwala, who actually does not hold a single share in the company now; he was the reason why its IPO had received an overwhelming response. He held 21.03% stake pre IPO, and was an investor in the company since 2006 but he was amongst the group of investors who sold part of their holding when the firm floated its public issue.

Anyway, the news in the company today is that it has won an order from Grid Solar and Energy Efficiency Project, Nepal Electricity Authority for design, supply, delivery, installation, testing and commissioning of 33/11 KV substations and 33 KV lines.

The order was valued at US$ 7,066,613.41.