Nagarjuna Construction secures two projects valued at Rs 236 crores

Nagarjuna Construction Company Ltd has announced that the Company has been awarded two projects valued at Rs 236 crores. The First Project is relating to Investigation, Design, Excavation and Lining of Owk Tunnel - II for Feeding to Owk Reservoir from Km 57.700 of G.N.S.S. Flood Flow Canal at Nandyal, Andhra Pradesh on EPC turn key basis valued at Rs 200 crores. The Contract is awarded by the Superintending Engineer, Irrigation & CAD Department, Nandyal, Government of Andhra Pradesh. The Project is to be completed over a period of 30 months.

The Second Project valued at Rs 36 crores, has been awarded for construction of Multi Storied Apartments by Shriram Properties Ltd., at Sadashivanagar, Bangalore. This project is to be completed over a period of 16 months.

The stock was trading at Rs.197.95, up by Rs.2.10 or 1.07%. The stock hit an intraday high of Rs.201.75 and low of Rs.194.05. The total traded quantity was 123024 compared to 2 week average of 531430.

Source : Equity Bulls

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