KNR Constructions rallies on fresh order

KNR Constructions has rallied 17% to Rs 122 after the company said that it has bagged an EPC (engineering, procurement and construction) order worth Rs 790.50 crore from KNR Walayar Tollways Private Limited.

“The scope of the order includes four-laning of the Walayar-Vadakkancherry section in Kerala to be completed within 910 days from the appointed date,” the company said in a filing.

The stock opened at Rs 110 and hit a high of Rs 125 on the BSE. A combined 60,978 shares have changed hands on the counter so far against an average less than 5,000 shares that were traded daily in past two weeks.