Supreme Infrastructure shares surged as much as 5.36 per cent on Tuesday after the company on Monday said it has won two land development projects for Navi Mumbai International Airport for Rs 398 crore.
At 12.02 pm, shares of the company were trading 2.08 per cent up at Rs 120. The scrip opened the day at Rs 119 and has touched a high and low of Rs 123.85 and Rs 116.40, respectively, in trade so far. Later, the scrip ended 1.19 per cent up at Rs 118.95.
“The company has been declared L1 in the two EPC (engineering, construction and procurement) projects of City and Industrial Development Corporation of Maharashtra (CIDCO) worth Rs 397.68 crore,” the company said in a filing to the BSE.
Supreme Infrastructure said the first project is related to the land development of Navi Mumbai International Airport for Rs 203.53 crore. The other project pertains to land development of Navi Mumbai International Airport (Package-II) for Rs 194.15 crore.