Era Infra Engineering Secures Contract from NHAI for Rs.1025 Crore

Era Infra Engineering Limited (EIEL) in Joint Venture with OJSC-SIBMOST has bagged the prestigious order from National Highways Authority of India (NHAI) for an estimated cost of Rs. 1025 Crores for "Four Laning of Rampur-Kathgodam Section of NH-87 from KM 0.000 (Km 190.106 of NH-24) To Km 88.00 (Design Chainage Km 93.226) in the States of Uttar Pradesh and Uttarakhand under NHDP Phase-III on Design, Build, Finance, Operate And Transfer (DBFOT) Toll Basis."

In the joint venture Era Infra Engineering Limited holds 74% and balance 26% is held by OJSC-Sibmost.

The Era Infra Engineering Ltd stock closed the day at Rs.141.80, down by Rs.3.30 or 2.27%. The stock hit an intraday high of Rs.145.55 and low of Rs.141.

The total traded quantity was 1.78 lakhs compared to 2 week average of 1.17 lakhs.

Source : Equity Bulls

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