KNR Constructions rose almost 12% to Rs.237.40, hitting a new 52-week high today morning. Volumes are also robust, going up over 6 times.
The stock is up after the company announced having received a Rs.884 crore.
This order was won by its JV - KNR -HES-ACPL. This was for formation of Konda Pochamma Sagar for a capacity of 15 TMC near Pamulaparthi (v), Markook (M), Siddipet District in the state of Telangana.
The order is scheduled to be completed within a period of 18 months from the appointed date.