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  1. GMR Infra shares climb 3% on bagging Rs 2,280 cr project

GMR Infra shares climb 3% on bagging Rs 2,280 cr project

The stock rose 2.78 per cent to settle at Rs 11.84 on BSE. Intra-day, it gained 4.16 per cent to Rs 12.

By: | Mumbai | Published: June 8, 2016 5:45 PM
gmr-l-gmr-website On the volume front, 29.16 lakh shares of the company were traded at BSE and over one crore shares changed hands at NSE during the day.

Shares of GMR Infrastructure Ltd (GIL) today climbed 3 per cent as the company won an order worth Rs 2,280-crore on the eastern dedicated freight corridor railway project.

The stock rose 2.78 per cent to settle at Rs 11.84 on BSE. Intra-day, it gained 4.16 per cent to Rs 12.

On NSE, it rose 3 per cent to close at Rs 11.85.

Its market valuation also went up by Rs 193.56 crore to Rs 7,146.56 crore.

On the volume front, 29.16 lakh shares of the company were traded at BSE and over one crore shares changed hands at NSE during the day.

“GIL, a leading global infrastructure conglomerate led consortium, has been awarded two more packages on the long Eastern Dedicated Freight Corridor.

“The consortium has been issued a Letter of Award for construction of 221-km long Eastern Dedicated Freight Corridor railway project at a cost of Rs 2,280.70 crore on EPC (engineering, procurement and construction) basis,” the company had said in a statement yesterday.

GMR Group is a global infrastructure conglomerate with interests in airport, energy, transportation and urban infrastructure.

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