A2Z Maintenance hits new high again

A2Z Maintenance has hit a new high today at Rs.19.95, up 5%, hitting the upper circuit at this level the moment it opened for trading.

The company issued a statement yesterday after market closure, stating that it had secured orders worth approximately Rs 2400 crore for EPC work against Advance Purchase Order received by Sterlite Technologies and ITI for end-to-end deployment including design, engineering, implementation and maintenance of parts of Network for Spectrum (NFS) project - Optical Fibre Network in the state of Jammu & Kashmir and Eastern & North-East part of India for Optical Fibre Network for defence services.

It has also stated that Annual Maintenance Contract (AMC) orders worth approximately Rs 900 crore will also be released aggregating total value of orders to approximately Rs 3300 crore.