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PBA Infrastructure surges on order worth Rs 158 crore

The order is widening and strengthening of existing highway section of NH No. 848

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SI Reporter Mumbai
Shares of PBA Infrastructure were locked in 10% upper circuit at Rs 23.30 after the company bagged a huge engineering, procurement and construction (EPC) order worth Rs 157.75 crore.

The order is for widening and strengthening of existing highway section to two laning paved shoulder of NH No. 848 including design change of approximately 39.10km in Nashik district in the State of Maharashtra, the company said in a release.

The stock opened at Rs 21.10 and touched a high of Rs 23.30. At 10:50am, over 327,000 shares were traded on both the stock exchanges.
 

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First Published: Jan 06 2016 | 10:53 AM IST

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