Road developers surge on govt's reform plans report

Shares in road developers surge after local news agency NewsRise on Tuesday quoted Roads Minister Nitin Gadkari saying India plans to raise road-building capacity to 30 kms per day in two years from the present three kilometres.

IRB Infrastructure Developers jumps 5.9 percent while KNR Constructions gains 5.8 percent.

(abhishek.vishnoi@thomsonreuters.com / abhishek.vishnoi.thomsonreuters.com@reuters.net)