Era Constructions receives contract from NTPC

Era Constructions India Ltd has announced that the Company has been awarded contract by NTPC Ltd for main Plant & Offsite Civil works Package for Simhadri Super Thermal Power Projects, Stage-II (2 X 500 MW) on works contract basis.

The value of the contract is approx. Rs 136.33 Crores and is executed over a period of 43 months.

This falls under Mega Power Project Policy of Government of India.

The stock was trading at Rs.521.60, up by Rs.24.80 or 4.99%. The stock hit an intraday high of Rs.521.60 and low of Rs.500. The total traded quantity was 68681 compared to 2 week average of 218925.

Source : Equity Bulls

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