Unity Infraprojects rallies 8% on Rs 840-cr orders

Unity Infraprojects has rallied 8% to Rs 54 in opening trades on bagging orders worth Rs 840 crore from the Public Works Department, Rajasthan and National Highways Authority of India (NHAI). Currently, the order book of the company stands at Rs 4,772 crore.

“The first project entails development and operation of Suratgarh-Sriganganagar section of NH-15 in the state of Rajasthan through public private partnership on design, build, operate and transfer (“DBFOT”) basis for a pre-agreed concession period of 11 years from the Chief Engineer, Public Works Department, Rajasthan, Jaipur, valued at Rs 330 crore, the said project is to be completed in 18 months,” the company said in a filing to the stock exchanges.

The second project involves the constructions of 4–laning of Punjab/Haryana Border - Jind Section of NH- 71 to be executed as BOT (Toll) basis on BDFOT pattern under NHDP Phase –III for a pre-agreed concession period of 27 years from NHAI. The project is valued at Rs 510 crore and is to be completed within a period of 910 days, it added.

A combined around 90,000 shares have changed hands on the counter in opening deals on both the exchanges.