Unity Infra gains on winning road contract

The road project is for the construction of major roads in Solapur city by Solapur Municipal Corporation.

Unity Infraprojects is trading higher by 4% at Rs 40.80 on NSE after the construction and engineering company said that it has received an order worth of Rs 235 crore for road project in Maharashtra.

“The company has been awarded Rs 235 crore project in Maharashtra for the construction of major roads in Solapur city by Solapur Municipal Corporation,” Unity Infraprojects said in a statement.

The project involves construction/improvement of major roads in Solapur city under the scheme of Maharashtra Suvarna Jayanti Nagarotthan Mahaabhiyan Yojana Road Project, Phase –I and has a construction period of 18 months, it added.

The stock opened at Rs 40.50 and has seen a combined around 25,000 shares changing hands on the counter in opening deals on both the exchanges.