Shares of infrastructure firm BF Utilities is locked in upper circuit of 20% at Rs 231 on back of heavy volumes on the bourses. The stock opened at Rs 194 on BSE and has seen over three fold jump in trading volumes.
A combined 3.11 million shares have already changed hands and there are pending buy orders for 286,000 shares on the BSE and NSE at 1340 hours.
According to CNBC –TV18 channel reports, the company has received Karnataka High Court’s (HC) clearance for Nandi Infrastructure Corridor Enterprises (NICE) project on Friday. Following the clearance, the company can commence infra development soon as no other major approval is needed for NICE project now.
The scope of the project involves construction of 41 kms of peripheral road, 9.8 kms of link road and 13 kms of expressway. It also allows the SPV to develop and sell land.
A combined 3.11 million shares have already changed hands and there are pending buy orders for 286,000 shares on the BSE and NSE at 1340 hours.
According to CNBC –TV18 channel reports, the company has received Karnataka High Court’s (HC) clearance for Nandi Infrastructure Corridor Enterprises (NICE) project on Friday. Following the clearance, the company can commence infra development soon as no other major approval is needed for NICE project now.
The scope of the project involves construction of 41 kms of peripheral road, 9.8 kms of link road and 13 kms of expressway. It also allows the SPV to develop and sell land.
