KNR Constructions surges on receiving Letter of Acceptance for HAM project in Kerala

31 Mar 2021

KNR Constructions is currently trading at Rs. 213.80, up by 6.85 points or 3.31% from its previous closing of Rs. 206.95 on the BSE.

The scrip opened at Rs. 211.10 and has touched a high and low of Rs. 219.00 and Rs. 209.80 respectively. So far 39079 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. 89.00 on 07-Apr-2020.

Last one week high and low of the scrip stood at Rs. 219.00 and Rs. 197.45 respectively. The current market cap of the company is Rs. 6046.54 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 for Six laning of Ramanattukara Junction to start of Valanchery bypass section of NH - 66 (old NH-17) from Design Ch. 258+818 (Ex. km 27.840 of Kozhikode bypass) to Design Chainage 298+500 (Ex. km 304.250) on Hybrid Annuity Mode (HAM) under Bharatmala Pariyojana in the state of Kerala. The bid cost of the said project is Rs 2367.50 and the project is expected to be completed within a period of 30 months.

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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