Investor Zone
OM Metals Infraprojects arm inducts partner for slum rehabilation project
Posted on: 03 Jan 2015
Om Metals Infraprojects Ltd, India's leading hydro-mechanical engineering company announced that its partnership firm m/s Om metals consortium has inducted M/s Goregaon hotel and Realty Pvt ltd (GHRPL) as a partner for 50% share in a partnership firm for development of Slum rehabilitation and residential development project in Bandra Reclamation.
The Land FSI was awarded to the firm by MHADA. Post inclusion of M/s GHRPL, Om metals infraprojects ltd has 17.5% sharing in the partnership firm Om metals consortium.
Shares of OM METALS INFRAPROJECTS LTD. was last trading in BSE at Rs.32.7 as compared to the previous close of Rs. 34.2. The total number of shares traded during the day was 132536 in over 2696 trades.
The stock hit an intraday high of Rs. 35.4 and intraday low of 32.5. The net turnover during the day was Rs. 4409341.
OM Metals Infraprojects spurts on heavy volumes
Posted on: 01 Jan 2015
The stock hit a low of Rs 33.10 so far during the day. The stock had hit a 52-week low of Rs 15.30 on 10 February 2014. The stock had hit a 52-week high of Rs 37.10 on 7 July 2014.
The stock had outperformed the market over the past one month till 31 December 2014, jumping 10.79% compared with the Sensex's 4.16% fall. The scrip had also outperformed the market in past one quarter, surging 7.69% as against Sensex's 3.26% rise.
The company has equity capital of Rs 9.63 crore. Face value per share is Re 1.
Om Metals Infraprojects said that its partnership firm Om metals consortium inducted Goregaon hotel and Realty (GHRPL) as a partner for 50% share in a partnership firm for development of slum rehabilitation and residential development project in Bandra Reclamation. The land FSI was awarded to the firm by MHADA. Post inclusion of GHRPL, Om metals infraprojects has 17.5% sharing in the partnership firm Om metals consortium, the company said.
Om Metals Infraprojects' net profit jumped 120.7% to Rs 10.88 crore on 25.5% decline in net sales to Rs 31.94 crore in Q2 September 2014 over Q2 September 2013.
Om Metals Infraprojects is a conglomerate having diverse business activities and interests related to hydro mechanical equipments, turn key solutions for steel fabrication, hydro power developments, real estate, leasing, finance, entertainment centers, hotels and tourism
Om Metals Infraprojects Ltd acquires prime location property at Jaipur
Posted on: 30 Aug 2010
New Delhi, August 30th 2010: Om Metals Infraprojects Ltd., India’s leading hydro-mechanical engineering company, has bought 5 acres (approx) property at Jaipur for Rs 158 crore, through Maharaja Shree Umaid Mills Ltd. The project will be executed through its 100% subsidiary, Om Metals Consortium Pvt Ltd.
The project is expected to be completed over the next 3 (three) years from the date of start of construction. The project is spread over 19, 135 sq. meter area of land and is strategically located in the heart of the city at Prithviraj Road, 'C' Scheme, near Statue Circle, Jaipur. The venture includes the development of high-end apartments focusing on niche clientele and provides world class amenities.
Mr. Vikas Kothari, Director – Business Development, Om Metal Infraprojects Ltd, said, “We foresee a revival in the demand for luxury apartments. This project is in the prime location in Jaipur and will cater to upper-end and niche segment audience.”
About Om Metals Infraprojects Ltd.
Om Metals Infraprojects Ltd. (OCI) (BSE Code: 531092) is an ISO 9001 certified company, set up in 1971, has flourished into a front-runner hydro-mechanical engineering company in the country with many achievements to its credit. It has leveraged its capabilities and skills in the development and construction sectors, where, engineering, steel fabrication and turnkey projects form a significant component for hydro-electric power, irrigation and river linking projects coming up in the country and abroad. The company is also engaged in the real estate projects like developing residential, commercial, entertainment, leisure and hotel formats in the country. In 2006, the company entered into the business of development of SEZ and port at pondicherry. Visit www.ommetals.com
For More Information Please Contact:
Mr Vikas Kothari
Director – Business Development, Om Metals Infraprojects Ltd
Tel: 2497 0836 / 37
Adfactors PR, Mumbai
Neha Goenka/Shrinkhala Varma
Tel: 91-22-2281 3565
Om Metals has posted a turnover jump of 80% YOY in the half year ended September 2009
Posted on: 31 Oct 2009
Om Metals has Posted a turnover of Rs.89.85cr i.e jump of 80% YOY in the half year ended 30.9.2009 and has recorded PAT of Rs.15.96 cr -74% jump.
These figures are stand alone and do not include the turnover of JV/SPV's/subsidiaries.
9 months financial result at a turnover of Rs. 82.02 crore and EBIDTA of Rs.34.46 cr
Posted on: 02 Feb 2009
In the board meeting held on 30th Jan 2009, the board of directors approved the 9 months financial result at a turnover of Rs. 82.02 crore and EBIDTA of Rs.34.46 cr as against turnover of Rs.60.33 crore and EBIDTA of Rs. 25.85 crore in the corresponding period of Previous year. The turnover rose by 35.95 % and EBIDTA by 33.30%.
Om Metals developing 4 lacs sq ft high end Residential apartments at Bandra Reclamation.
Posted on: 15 Nov 2008
Om Metals in a separate SPV where it has 35% stake has got a slum rehabilitation project from MHADA . The price of FSI to MHADA already paid and the project awaiting environment clearance to take off.
Om Metals raised 25 mn USD via QIP route by diluting 20% stake
Posted on: 31 Oct 2008
Om Metals in January 2007 raised 25 mn USD from QIB's by diluting 20% stake at 60 Rs. per share for capacity expansion and infrastucture development.13 mn USD cash still there in the B/sheet and awaiting good M & A opportunity.
Om Metals secures fresh work contracts of Rs.500 cr.
Posted on: 31 Oct 2008
Om Metals has secured order for executing Hydro mechanical works for Teesta Low Dam HE project (Stage-IV), Uri-II HE project, Parbati H E project,Chamera H E project all from NHPC, Tapovan Vishnugarh H E project from NTPC and Sri Pad sagar ,Andhra Pradesh all valued at Rs.500 crore which will be executed in next 3 years time. the total unexecuted order book position now stands at Rs.800 cr.
Om Metals achieved a turnover of Rs.54 crore and EBTDTA of Rs.18 cr in first half of F.Y.2008-09
Posted on: 31 Oct 2008
In the board meeting held on 31st october - the quarterly unaudited results were approved where the turnover of the company for the first 6 months were recorded at 54 crore as against Rs. 39 cr in the corresponding period of last fiscal and the EBIDTA at 18 cr vis-a-vis 18 cr in the last fiscal.
Om metals in different SPV's holding 950 acre land bank for development of SEZ, Residential ,Commercial, IT park and Corporate space in Mumbai, Hyderabad, Jaipur, Kota, Delhi-NCR and Puducherry.
Posted on: 01 Apr 2008
Om Metals with a most opportunistic view has bought prime land at different premium locations in Metro and tier II cities in joint ownership with local developer who has expertise in developing similar projects. The projects apart from Kota will take 2-3 years time for completion as all are under some stage of clearance from legal/government departments.
