KNR Construction, which had closed yesterday at Rs.206.95, opened higher at Rs.211.10 and rose to hit an intraday high at Rs.219. Its 52-week high is at Rs.242.10.
The stock price rose on bagging a NHAI road project order - for Six laning of Ramanattukara Junction to start of Valanchery bypass section on Hybrid Annuiry Mode under Bharatmala Pariyojana in the state of Kerala.
The project bid cost was Rs 2,367 crore and the company bid was Rs 2,116 crore.
The completion period is 30 months & operation period 15 years from COD.