Era Infra surges 5% on Rs 329 crore order

The company announced that it has secured a road construction order worth Rs 329 crore in the state of Chattisgarh.

Shares of Era Infra Engineering was locked in 5% upper circuit at Rs 7 after the company announced that it has secured a large road construction order in the state of Chattisgarh.

The company in a release said it has been awarded the "Rehabilitation and Upgradation of NH-216 from km 3.800 to Km 90.460 (Raigarh to Sarapalli Section) in the state of Chattisgarh to two-lanes with paved shoulders under NHDP-IV on EPC basis at an estimated cost of Rs. 328.71 crore.

The stock opened at Rs 6.70 and touched a high of Rs 7. Over 800,000 shares were traded so far on both the stock exchanges.