KNR Constructions Limited receives LoA for road project in Hyderabad

KNR Constructions Limited is in receipt of Letter of Acceptance for HGCL - Widening of Existing Service roads from Nanakramguda to TSPA and Narsingi to Kollur and BT Overlay of Bitumen pavement from Gachibowli to Shamshabad of Outer Ring Road, Hyderabad, in the state of Telangana, worth Rs. 312,79,82,713.11/- (Rupees Three Hundred and Twelve Crores Seventy-Nine Lakhs Eight Two Thousand Seven Hundred and Thirteen and Eleven Paisa only) excluding GST on Bill of Quantities basis. The said project is to be completed within a period of 15 months from the date of signing of Agreement.

Shares of KNR Constructions Limited was last trading in BSE at Rs. 303.6 as compared to the previous close of Rs. 313.75. The total number of shares traded during the day was 79415 in over 3049 trades.

The stock hit an intraday high of Rs. 317.5 and intraday low of 300. The net turnover during the day was Rs. 24423178.

Source : Equity Bulls

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