Shares in road developers surge after local news agency NewsRise on Tuesday quoted Roads Minister Nitin Gadkari saying India plans to raise road-building capacity to 30 kms per day in two years from the present three kilometres.
IRB Infrastructure Developers jumps 5.9 percent while KNR Constructions gains 5.8 percent.
(abhishek.vishnoi@thomsonreuters.com / abhishek.vishnoi.thomsonreuters.com@reuters.net)
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