KNR Constructions gains on receiving Letter of Acceptance worth Rs 327.89 crore
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KNR Constructions is currently trading at Rs. 349.60, up by 2.95 points or 0.85% from its previous closing of Rs. 346.65 on the BSE.
The scrip opened at Rs. 355.40 and has touched a high and low of Rs. 356.70 and Rs. 347.80 respectively. So far 43127 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 415.00 on 31-Jul-2024 and a 52 week low of Rs. 236.70 on 15-Mar-2024.
Last one week high and low of the scrip stood at Rs. 356.70 and Rs. 314.00 respectively. The current market cap of the company is Rs. 9936.02 crore.
The promoters holding in the company stood at 48.81%, while Institutions and Non-Institutions held 37.13% and 14.06% respectively.
KNR Constructions has received Letter of Acceptance for SRLIP - Distributary package No. 6 - Earth work Excavation and Forming Embankment including Construction of Structures, Lining of Canals for the Distributaries D-1 to D-15 of Sathupally Main Canal & D-16 to D-35 of NTR Flood Flow Canal of Sitarama Lift Irrigation Project in the State of Telangana worth Rs 327.89 crore excluding GST. Contract period is 24 months plus defect liability period of 2 years.
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.
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