KNR Constructions surges with JV bagging order worth Rs 884.47 crore

22 Sep 2017

KNR Constructions is currently trading at Rs. 222.00, up by 9.95 points or 4.69% from its previous closing of Rs. 212.05 on the BSE.

The scrip opened at Rs. 225.10 and has touched a high and low of Rs. 237.40 and Rs. 219.00 respectively. So far 45,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 237.40 on 22-Sep-2017 and a 52 week low of Rs. 125.00 on 09-Nov-2016.

Last one week high and low of the scrip stood at Rs. 237.40 and Rs. 203.50 respectively. The current market cap of the company is Rs. 3,130.84 crore.

The promoters holding in the company stood at 57.38%, while Institutions and Non-Institutions held 32.29% and 10.34% respectively.

KNR Constructions’ joint venture (JV) - ‘KNR-HES-ACPL’ has bagged order worth of Rs 884.47 crore towards formation of Konda Pochamma Sagar for a capacity of 15.00 TMC near Pamulaparthi (v), Markook(M), Siddipet District - Reach - 1 from Km 0.000 to Km 5.500 with all associated components in the state of Telangana. The order is to be completed within a period of 18 months from the appointed date.

KNR Construction is a multi domain infrastructure project development company providing (EPC) engineering, procurement and construction services across various fast growing sectors namely roads & highways, irrigation and urban water infrastructure management.

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