KNR Constructions advances on new orders win

The company made this announcement on Saturday, 3 December 2011.

Meanwhile, the BSE Sensex was down 26.78 points, or 0.16% to 16,820.05.

On BSE, 256 shares were traded in the counter as against average daily volume of 2,318 shares in the past one quarter.

The stock hit a high of Rs 108 and a low of Rs 106.05 so far during the day. The stock had hit a 52-week high of Rs 187.20 on 2 December 2010. The stock had hit a 52-week low of Rs 90 on 25 November 2011.

The small-cap stock had outperformed the market over the past one month till 2 December 2011, falling 2.87% compared with the Sensex's decline of 3.54%. The scrip had also outperformed the market in past one quarter, rising 2.68% as against 0.15% rise in the Sensex.

 

The company has an equity capital of Rs 28.12 crore. Face value per share is Rs 10.

KNR Constructions said it bagged three orders from the Government of Karnataka, Karnataka State Highway Improvement Projects, Public Works, Ports & Inland Water Transport Department aggregating to Rs 390.66 crore.

The first order worth Rs 116.78-crore is for upgradation of the road from Magadi NH-48 to Korataere of SH-3, while the second order worth Rs 121.25-crore is for upgradation of the road from Shelvadi to Mundargi of SH-45. The third order for upgradation of the road from Mudgal to Gangawathi of SH-29 is worth Rs 152.63 crore.

KNR Constructions net profit remained flat at Rs 13.10 crore on 8.6% decline in net sales to Rs 185.66 crore in Q2 September 2011 over Q2 September 2010.

KNR Constructions is an infrastructure development company providing engineering, procurement and construction services across various fast growing sectors such as roads and highways, irrigation and urban water infrastructure management.

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