Infrastructure development company KNR Constructions Share rose over 5% to hit a new 52 week high of Rs 352.9 on Tuesday after the company announced that it was awarded by Project Director, Highways (FAC), Chennai Kanyakumari Industrial Corridor Project, Chennai an order worth of Rs 604 crore.
The order is for upgrading Cheyyur – Vandavasi Polur Road (SH-115) in Chennai including ECR Link (ODR) to two lane with paved shoulders. The order also includes construction of by passes for Vandavasi town and one realignment for Maruthadu Village along with maintenance of entire project for seven years in the state of Tamil Nadu on engineering, procurement and construction (EPC) mode.
The construction is to be completed within 39 months from the appointment date. The announcement was made after market hours yesterday, 4 January 2021.
KNR Constructions is an infrastructure development company providing engineering, procurement and construction services across various fast growing sectors, namely, roads and highways, irrigation and urban water infrastructure management.