Valecha Engineering (VEL) has informed it has recently bagged new projects worth Rs 1.6 billion approximately which includes bridge project in Delhi worth Rs 1.1 billion  approximately and Sky Walk projects at Mumbai work the Rs 500 million approximately.

VEL has an organization structure in place with professional management and latest state-of-art machinery with a constant up gradation as a corporate philosophy. The company is well positioned for rapid growth with the infrastructure being given the necessary attention in the economy since the recent past.

Shares of the company declined Rs 1.95, or 4.72%, to trade at Rs 39. The total volume of shares traded was 119,401 at the BSE (1.30 p.m., Tuesday).