PBA Infrastructure bags order worth Rs 71 crore; stock soars 18%

PBA Infrastructure bags order worth Rs 71 crore; stock soars 18%Mumbai-based PBA Infrastructure Ltd, formerly known as Prakash Building Associates, has secured an order worth Rs 70.8 crore from Mumbai Metropolitan Region Development Authority.

The orders are for the construction of skywalks at various places in Mumbai metropolitan region, the company said in a statement.

PBA Infrastructure is engaged in execution of civil engineering projects and specializes in construction of highways, dams, runways, bridges and other infrastructure projects.

The scrip of the company closed on Friday at Rs 62, up 18% compared to previous close of Rs 52.


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