Shares of seven civil construction companies gained 2% to 7% after the central government announced outlay of Rs 1.18 lakh crore For Ministry of Road Transport And Highways.
NCC (up 7.72%), Ashoka Buildcon (up 7.21%), KNR Constructions (up 5.63%), J. Kumar Infraprojects (up 4.07%), Sadbhav Engineering (up 3.81%), Man Infraconstruction (up 3.49%) and ITD Cementation India (up 2.61%) advanced.
Presenting the Union Budget 2021, Finance Minister Nirmala Sitharaman said: To further augment road infra, more economic corridors are being planned.
FM announced 3,500 km of national highway works in Tamil Nadu at an investment of Rs 1.03 lakh crore, 1,100 km of national highway works in Kerala at an investment of Rs 65,000 crore and 675 km of highway works in West Bengal at a cost of Rs 25,000 crore.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app