KNR Constructions soars as its JV bags order worth of Rs 109.5 crore

24 Nov 2014

KNR Construction is currently trading at Rs. 322.95, up by 9.50 points or 3.03% from its previous closing of Rs. 313.45 on the BSE.

The scrip opened at Rs. 331.50 and has touched a high and low of Rs. 334.00 and Rs. 316.00 respectively. So far 49153 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 334.00 on 24-Sep-2014 and a 52 week low of Rs. 68.50 on 09-Dec-2013.

Last one week high and low of the scrip stood at Rs. 334.00 and Rs. 290.00 respectively. The current market cap of the company is Rs. 923.86 crore.

The promoters holding in the company stood at 67.29 % while Institutions and Non-Institutions held 18.26 % and 14.45 % respectively.

KNR Constructions’ 51:49 joint venture with Tomar Builders & Contractors has received an order worth of Rs 109.5 crore for Widening and Reconstruction of Dabra - Bhitarwar - Harsi Road Package - C under MPDCSP to be completed within 24 months from the Appointed Date.

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

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