Tantia Constructions bags Rs42.2 crore contract from South Eastern Railway; Stock hits upper circuit

3 Mar 2022 , 09:55 AM

Tantia Constructions Limited has bagged a Rs42.2 crore contract from South Eastern Railway for the construction of a major bridge between Basta and Rupsa.

The company stock was bullish on Thursday and at around 9.58 AM, Tantia Constructions Ltd was trading at Rs17.50 per piece up by Rs0.8 or 4.79% (5% upper circuit) from its previous closing of Rs16.70 per piece on the BSE.

“Tantia Constructions Limited has received a Letter of Acceptance for a bid value amounting to Rs42,18,58,280.78/- from South Eastern Rly, SER-CONST-HQENGG against a contract work for “Construction of Major Bridge Nos. 234 (5×12.20m Composite Girder) at Km: 205.398, 235 (9×18.30m Composite Girder) at Km: 206.45, 238 (3×12.20m Composite Girder) at Km: 208.754 and 239 (2×12.2m+2×18.30m Composite Girder) at Km: 209.367 in between Basta and Rupsa including Foundation, Substructure, Superstructure and other misc. works in connection with proposed third line between Narayangarh – Bhadrak section of S. E. Railway. Estimate No.1792W/2019”, vide letter of acceptance dated March 1, 2022,” company said in a regulatory filing on Wednesday.