KNR Construction, a multi domain infrastructure development organization, announced Wednesday the company has bagged orders worth Rs 2.55 billion from Madhya Pradesh district connectivity sector project (MPDCSP). The orders are on item rate basis to be completed within a period of 24 months from the appointed date.
Earlier, the company bagged orders worth Rs 6.69 billion from National Highway Authority of India (NHAI). The order is for 4 laning of Kazhakkottam to Mukkola section from km. 0.000 to km 26.500 of NH-47 in the state of Kerala under NHDP phase-III on EPC mode. The project needs to be completed within a period of 24 months from the appointed date.
Shares of the company declined Rs 5.25, or 0.91%, to settle at Rs 574.75. The total volume of shares traded was 2,919 at the BSE (Wednesday).