Navkar Corporation rises on contract from Kribhco Infrastructure

The contract is for operation and management of KRIL's container freight station/ICD and handling of container trains at Hazira Terminal, Gujarat,

Shares of Navkar Corporation was up over 3% at Rs 200 on the Bombay Stock Exchange after the company said its arm Navkar Terminals Ltd has received a contract frmo Kribhco Infrastructure Ltd (KRIL).

Navkar Terminals Ltd, a wholly-owned subsidiary of the company, has received a contract for operation and management of KRIL's container freight station/ICD and handling of container trains at Hazira Terminal, Gujarat, Navkar Corporation said in a release.

The stock opened at Rs 200 and touched a high of Rs 204. At 11:25am, over 168,000 shares were traded on both the stock exchanges.