KNR Constructions surges on getting LoA for four-laning of Bangalore-Mangalore section

22 Mar 2021

KNR Construction is currently trading at Rs. 207.40, up by 2.15 points or 1.05% from its previous closing of Rs. 205.25 on the BSE.

The scrip opened at Rs. 214.35 and has touched a high and low of Rs. 214.35 and Rs. 204.50 respectively. So far 20192 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 242.10 on 03-Feb-2021 and a 52 week low of Rs. 85.83 on 26-Mar-2020.

Last one week high and low of the scrip stood at Rs. 218.00 and Rs. 193.05 respectively. The current market cap of the company is Rs. 5766.72 crore.

The promoters holding in the company stood at 55.03%, while Institutions and Non-Institutions held 35.81% and 9.16% respectively.

KNR Constructions has received Letter of Acceptance (LoA) for four-laning of Bangalore - Mangalore section from KM 270+270 (Periya Shanti) to KM 318 + 755 (Bantwal) including 6-lane flyover at Kalladka town in KM 311- KM 314 on NH-75 on EPC basis in the state of Karnataka, worth Rs. 1100,88,00,000 including GST. The said project is to be completed within a period of 24 months from the appointed date.

KNR Constructions 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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