KNR Construction up 3% on receipt of orders worth Rs847.34cr

The order is from from Navayuga Engineering Company Limited, Hyderabad.

Jul 17, 2019 04:07 IST India Infoline News Service

Silhouette of construction
Shares of KNR Constructions are trading higher by 3% as the company received orders worth Rs847.3cr from Navayuga Engineering Company Limited, Hyderabad.

The company said in its filing, "With refer to the captioned subject matter, we wish to inform you that Company has received a work order for Rs. 847,34,61,495 ( Rupees Eight hundred and Forty seven crores Thirty Four lakhs Sixty One thousand Four hundred and Ninety Five only) from Navayuga Engineering Company Limited, Hyderabad on back to back basis for the balance work of "Palamuru Rangareddy Lift Irrigation Scheme - Package 10 for the Formation of Venkatadri Reservoir bund from Km 6.900 to Km 11.550 at Vattem (V), Bijinepally (M), Nagarkurnool Dist (Mahabubnagar Dist.)."

KNR Constructions Ltd is currently trading at Rs275 up by Rs7.05 or 2.63% from its previous closing of Rs267.95 on the BSE.
The scrip opened at Rs276.50 and has touched a high and low of Rs279.35 and Rs274 respectively. So far 1,52,948 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs3,767.84cr.

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