RKEC Projects receives work order of Rs134cr; Stock skyrockets 15%

The work has to completed within 22 months from the date of the award.

Apr 27, 2021 12:04 IST India Infoline News Service

RKEC Projects Limited has received a work order valued at Rs134cr for dredging work, breakwater, and construction of quays for the fishing harbour at Uppada in Andhra Pradesh. The work has to completed within 22 months from the date of the award.

We have been awarded a work order for the construction of fishing harbours at Juvvaladinne in Nellore District, Nizampatnam in Guntur Disrict, Machilipatnam in Krishna District and Udappa in East Godavari District in Andhra Pradesh.

The company stocks was in demand on Tuesday and at around 12. 42 pm, it was trading at Rs65.50 per piece up Rs8.75 or 15.42% on the NSE.

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