KNR Constructions Ltd receives LOA for 6 lane road project

KNR Constructions Limited has received Letter of Acceptance for Development of Six Lane Chittor-Thatchur Highway from KM 61.380 to 96.040 on Hybrid Annuity Mode under Bharatmala pariyojana, in the State of Andhra Pradesh and Tamil Nadu (package III).

The bid project cost is Rs. 1041.50 crores. The bid price is Rs. 954.29 crores. The completion period is 24 months & operation period is 15 years from COD.

Shares of KNR Constructions Limited was last trading in BSE at Rs. 311.95 as compared to the previous close of Rs. 303.6. The total number of shares traded during the day was 75980 in over 2246 trades.

The stock hit an intraday high of Rs. 325 and intraday low of 307.45. The net turnover during the day was Rs. 23864666.

Source : Equity Bulls

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