KNR Construction shines on securing order worth Rs 135.08 crore

08 Mar 2019

KNR Construction is currently trading at Rs. 245.55, up by 11.00 points or 4.69% from its previous closing of Rs. 234.55 on the BSE.

The scrip opened at Rs. 248.00 and has touched a high and low of Rs. 248.70 and Rs. 242.70 respectively. So far 23834 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 339.40 on 18-Apr-2018 and a 52 week low of Rs. 163.30 on 11-Oct-2018.

Last one week high and low of the scrip stood at Rs. 248.70 and Rs. 187.00 respectively. The current market cap of the company is Rs. 3298.18 crore.

The promoters holding in the company stood at 55.38%, while Institutions and Non-Institutions held 31.70% and 12.91% respectively.

KNR Construction has bagged an order for worth Rs 135.08 crore (Excluding GST) from Karnataka Road Development Corporation. The project is for work of ‘development of road Kanchugaranahalli to Jigani via Harohalli and Urgandoddi (km 0+000 to km 33+200) and section of road from BM road junction to Coca cola Factory (km 0+000 to km3+000) of Bidadi - Harohalli road in Bengaluru’ project in the state of Karnataka on item rate basis.

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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