GMR Infra gains on Rs 1.35 bn new railway project - The New Indian Express

GMR Infra gains on Rs 1.35 bn new railway project

Published: 04th March 2014 12:19 PM

Last Updated: 04th March 2014 12:19 PM

GMR Infrastructure, the infrastructure holding company of GMR group shares gained on Tuesday after the company has won construction package of rail line doubling between Jhansi and Bhimsen stations in the State of Uttar Pradesh, India. The total contract is valued at approximately Rs 2.67 billion of which GMR's share of work is about Rs 1.35 billion.

The work includes construction of roadbed, major & minor bridges, track linking, outdoor S&T works, OHE, TSS and general electrical works from Jhansi to Erich Road.

Shares of GMR Infrastructure are trading at Rs 20.75, up Rs 0.35, or 1.72% at the Bombay Stock Exchange (BSE) on Tuesday at 11:29 a.m.The scrip has touched an intra-day high of Rs 20.85 and low of Rs 20.00. The total volume of shares traded at the BSE is 118,678.In the earlier session, the shares fell 1.69%, or Rs 0.35, at Rs 20.40.Currently, the stock is trading down 18.15% from its 52-week high of Rs 25.35 and above 94.84% over the 52-week low of Rs 10.65.

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