KNR Constructions rises on getting LoA worth Rs 690.30 crore
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
KNR Constructions is currently trading at Rs. 274.60, up by 2.20 points or 0.81% from its previous closing of Rs. 272.40 on the BSE.
The scrip opened at Rs. 273.50 and has touched a high and low of Rs. 278.55 and Rs. 272.10 respectively. So far 30317 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 310.90 on 14-Mar-2022 and a 52 week low of Rs. 202.85 on 20-Oct-2022.
Last one week high and low of the scrip stood at Rs. 280.50 and Rs. 264.80 respectively. The current market cap of the company is Rs. 7714.27 crore.
The promoters holding in the company stood at 51.09%, while Institutions and Non-Institutions held 40.68% and 8.22% respectively.
KNR Constructions has received Letter of Acceptance (LoA) for Construction of Access Controlled four laning with paved shoulder from Mysore to Kushalnagara Section of NH-275 from Design Ch. Km 195+550 at Yalachahalli near SH-117 Yelawala-KR Nagara Road Junction to design Ch. Km214+535 joining (at Ch. Km 131+180 around) to Srirangapatna bypass near Paschima Vahini under NH(O) in the State of Karnataka (Package V). The cost of the project is Rs 690.30 crore. The completion period for the said project is 24 months.
KNR Constructions is a multi-domain infrastructure project development company providing (EPC) engineering, procurement and construction services across various fast growing sectors namely roads & highways, irrigation and urban water infrastructure management.
