Contract from BHEL fails to lift Era Infra

Era Infra Engineering has failed to make a mark on the BSE despite the company bagged a contract worth Rs 95.5 crore from Bharat Heavy Electricals (BHEL). The company will be responsible for the civil, structural & architectural work for main power block along with its auxiliaries and BOP for 1×500 MW thermal power station, extension unit # 6, Gujarat State Electricity Corporation at Ukai in Gujarat.

The scrip is currently trading at Rs 555 per share, down 7.6 points or 1.35% on the BSE.

The stock opened at Rs 545 per share as compared to its previous close of Rs 562.60 per share on Friday.