Nagarjuna Construction Co. secures two orders worth Rs 481 crore

Submitted by Ashok Mehta on Wed, 09/02/2009 - 10:19

NagarjunaNagarjuna Construction Company Limited (NGCN), Hyderabad-based infrastructure Development Company, has pocketed two orders worth RS 481 crore.

The first order is from the water resources department of Bihar for the refurbishment of Eastern Gandak canal system worth Rs 449 crore and is scheduled to be completed in next 25 months.

The second order is from MRF Limited, Chennai-based tyre manufacturer, for the construction of its aimed radial tyre and easy tyre units in Medak district of Andhra Pradesh worth Rs 32 crore and is planned to be accomplished within the period of next 6 months.

Shares of Nagarjuna Construction Company Limited (NGCN), on Tuesday, closed at Rs 134.50, down 0.88% or Rs 1.20. The total quantity of shares traded was 431,741 on the BSE.


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