Tantia Constructions hits 5% upper circuit on receiving order for Rs42.38cr

The contract is received from East Central Railway.

Oct 08, 2021 09:10 IST India Infoline News Service

Tantia Constructions Limited stocks rally in the market on Friday after it has informed to the exchange regarding work order received by the company.

It has received an order amounting to Rs42,38,72,559.59/- (Rupees Forty Two Crores Thirty Eight Lakhs Seventy Two Thousand Five Hundred Fifty Nine Rupees and Fifty Nine paise only) from East Central Railway.

The contract work is "Construction of Chainpur Road Over Bridge (ROB) in lieu of L/C No. 26/SpI/T at Km. 80/1-2 in between Chandrapura ~ Barakana route in CIC section of Dhanbad Division", said company in a regulatory filing.

At around 9:30 AM, Tantia Constructions was trading at Rs7.80 per piece up by Rs0.37 or 4.98%.

Previously, the scrip ended at Rs7.43 apiece on the BSE.

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