1:10 Stock Split Upcoming: Small Cap Realty Stock Surges Over 4% On Securing 2 Contracts

On Monday, shares of infrastructure and power company RDB Infrastructure and Power Ltd jumped around 4 per cent to an intraday high of Rs 534.90 per share today from its previous closing of Rs 513.70 per share. The stock's 52-week high is Rs 612.65 and its 52-week low is Rs 78.30. The company has a market cap of around Rs 882.97 crore with multibagger returns of 2,575 percent in 5 years.

This occurred following the company's participation in a tender conducted by the Damodar Valley Corporation (DVC) on July 19, 2024, in which it was granted two contracts through two Letters of Award (LoA) on January 10, 2025.

In the state of Jharkhand and West Bengal, the company obtained an EPC-First Contract of Rs. 7,51,19,164.10 that included the supply of plant and equipment as well as mandatory spare parts for "Grid Connected Roof Top Solar (RTS) Plants of approximate cumulative capacity 10MWp at Rooftop of different buildings within the command area of DVC."

As stated in the technical specification, the company obtained an O&M-Second Contract of Rs. 42,75,580.54 to provide comprehensive operation and maintenance of the solar PV plant for five years from the date of operational acceptance by the owner. This includes supplying and storing all consumable spare parts, repairing or replacing any defective equipment, providing insurance, and more for "Grid Connected Roof Top Solar (RTS) Plants of approximate cumulative capacity 10 MWp at Rooftop of different buildings within the command area of D\VC in the state of Jharkhand and West Bengal."

Subject to the approval of the company's members, the Board of Directors recently discussed and approved the subdivision/stock split of the company's existing 1 (one) equity share with a face value of Rs. 10/- (Rupees Ten only) each into 10 (ten) equity shares with a face value of Re. 1/- (Rupee One Only), each fully paid up, at their meeting on December 5, 2024. The goal of the 1:10 stock split is to increase the liquidity of the company's equity shares on the stock market and to promote higher participation of small investors. The record date for the purpose of the same will be fixed in due course of time.

A new Certificate of Incorporation was recently granted by the Ministry of Corporate Affairs, Office of Central Processing Centre, Manesar, in accordance with the company's name change from "RDB REALTY & INFRASTRUCTURE LIMITED" to "RDB INFRASTRUCTURE AND POWER LIMITED," effective as of December 4, 2024.

The company, which is a member of the RDB Group, has a variety of holdings in retail chains, packaging, power and telecom transmission equipment, and transportation and logistics. One of the top real estate firms in Eastern India is run by Sri Sunder Lal Dugar. With all the required infrastructure, personnel, and funding, RDB Realty & Infrastructure Ltd. is present throughout India. The company, which is a member of the RDB Group, has a variety of holdings in retail chains, packaging, power and telecom transmission equipment, and transportation and logistics. In 1981, the RDB Group's real estate division was established.