C&C Constructions witnessed a sharp rise in share price on Tuesday after the company' joint venture (JV) 'EPI-C&C' has been awarded a project by Government of India for construction of two lane road on NH Specifications from Paletwa to India-Myanmar Border (Zorinpui) from Km. 0.00 to Km. 109.02 in Chin State of Myanmar on EPC Mode. The share of C&C in this JV is 60%. The total contract value of the project is Rs 15.18 billion.
Further, another JV 'BSC-C&C' has been awarded five road projects in the state of Bihar valued at Rs 14.93 billion. The share of C&C in this JV is 50%.
Shares of C&C Constructions are trading at Rs 24.15, up Rs 1.15, or 5.00% at the Bombay Stock Exchange (BSE) on Tuesday at 9:44 a.m.
The scrip has touched an intra-day high of Rs 24.15 and low of Rs 24.15. The total volume of shares traded at the BSE is 4,831.
Total volume of shares traded on the bourses today was lower by 98.49% to 4,831 compared with 22-day average volume of 318,902.