Era Constructions Receives Contract from Aravali Power Company

Era Constructions India Ltd has announced that Era Infra Engineering Ltd (EIEL) has bagged a prestigious award for construction of "Main Plant & Offsite Civil Works Package for Aravali Super Thermal Power Project, Jhajjar (3X500MW) of Aravali Power Company Pvt Ltd on "Works Contract Basis" for total contract price of Rs 2.85 Billion approximately.

The award of work under this contract is on "Works Contract Basis". All works of the subject package shall be completed within a period of 48 calendar months.

The stock closed the day at Rs.580, up by Rs.9.45 or 1.66%. The stock hit an intraday high of Rs.583.40 and low of Rs.525. The total traded quantity was 86149 compared to 2 week average of 102959.

Source : Equity Bulls

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