KNR Constructions bags LoA for Rs34.26 crore project; Stock soars 2%

18 Jul 2022 , 10:43 AM

KNR Constructions Ltd has informed that the company is in receipt of Letter of Acceptance for Construction of four lane road from IDA Pashamailaram Industrial Park to ORR (Patancheru – Shankerpally road junction) from KM 0/0 to 4/658 in Sangareddy District, in the state of Telangana.

The contract is worth Rs34,26,27,309 and the construction period for the said project is 18 months, the company said in a regulatory filing.

On Monday at around 10:46 AM, KNR Constructions was trading at Rs256.40 per share up by Rs5.1 or 2.03% from its previous closing of Rs251.30 per share on the BSE. The scrip opened at Rs253.80 and has touched a high and low of Rs260.05 and Rs253.50 respectively so far today.