KNR Constructions gains on order worth Rs 109 crore

The order has been awarded to company's 51:49 joint-venture with Tomar Builders & Contractors Private Limited

KNR Constructions has gained close to 4% to Rs 326.25 in BSE on winning an order worth Rs 109.56 crore from the Madhya Pradesh Road Development Corporation Limited.
 
The order which is for widening and reconstruction of Dabra - Bhitarwar - Harsi Road package has been awarded to company's 51:49 joint-venture with Tomar Builders & Contractors Private Limited.
 
KNR Constructions is a multi-domain infrastructure development organization with more than 2 decades of experience and executes the construction of technically complex and high value projects across segments such as express ways, national highways, state highways and rural roads.
 

The stock opened at Rs 313.45 and has hit a high of Rs 334 till 12:02 hrs and around 1.5 lac shares have changed hands on BSE and NSE combined