NHAI declares appointed date for KNR Palaai Infra Private Limited's project

KNR Constructions Ltd's wholly owned subsidiary company, KNR Palaai Infra Private Limited has received the appointed date by from National Highways Authority of India (NHAI).

The SPV's project is "Four Laning of Oddanchatram - Madathukulam section of NH - 209 (New NH-83) (Design ch. Km 29.000 to km. 74.380) under Bharatmala Pariyojna Phase - I under the category of Residual Works of NHDP on HAM in the State of Tamil Nadu".

The concession period is of 17 Years including construction period of 2 Years from the appointed date.

The Bid Project Cost is Rs. 9200.00 Mn.

Shares of KNR CONSTRUCTIONS LTD. was last trading in BSE at Rs.254.05 as compared to the previous close of Rs. 256.15. The total number of shares traded during the day was 1792 in over 180 trades.

The stock hit an intraday high of Rs. 257.95 and intraday low of 251.75. The net turnover during the day was Rs. 455220.

Source : Equity Bulls

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