KNR Constructions rallies 6%, hits 52-week high on Rs 604 crore order win

The recently won contract is likely to strengthen KNR's order position further, said ICICI Securities

Shares of KNR Constructions rallied 6 per cent to Rs 353, also its 52-week high, on the BSE on Tuesday after the company secured an order worth Rs 603.60 crore for Chennai-Kanyakumari Industrial Corridor Project.

“The order is towards upgrading Cheyyur-Vandavasi Polur Road including ECR Link Cheyyur -Panayur Road to two-lane, and construction of bypasses for Vandavasi town and Chetpet town. It includes one realignment for Maruthadu Village and maintenance of entire project stretch for seven years in Tamil Nadu in engineering, procurement and constructions (EPC) mode,” KNR Constructions said in an exchange filing. The project to be completed within