KNR Constructions in demand on JV bagging order worth Rs 206.69 crore

20 Jan 2012

KNR Construction is currently trading at Rs. 120.00, up by 5.00 points or 4.35% from its previous closing of Rs. 115.00 on the BSE.

The scrip opened at Rs. 117.00 and has touched a high and low of Rs. 124.00 and Rs. 117.00 respectively. So far 15334 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 159.00 on 25-Jan-2011 and a 52 week low of Rs. 81.60 on 30-Dec-2011.

Last one week high and low of the scrip stood at Rs. 124.00 and Rs. 101.05 respectively. The current market cap of the company is Rs. 344.79 crore.

The promoters holding in the company stood at 74.01% while Institutions and Non-Institutions held 8.01% and 17.97% respectively.  

KNR Constructions’ 60:40 joint venture (JV) with Sri Lakshmi Metal Industries (SLMI) has bagged an order worth Rs 206.69 crore. The order has been awarded by Government of Andhra Pradesh, Roads and Buildings Department and the said project is to be completed within a period of 36 months from the appointed date.

The order is towards construction of major bridge across river Godavari (length 1.780 kms) and its approaches (length 18.690 kms) at Eturunagaram on Hyderabad - Bhoopalapatnam road of NH No. 163 (old No. 202) including realignment in 1.960 km length at 5 locations between km. 284/150 to 298/200-910 in the state of Andhra Pradesh under LWE Scheme.

KNR Construction is an infrastructure development company providing engineering, procurement and construction service across various fast growing sectors, namely, roads and highways, irrigation and urban water infrastructure management.

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