Nagarjuna Construction picks two new orders worth Rs 481 crore

NagarjunaHyderabad-based infrastructure firm, Nagarjuna Construction Company, has picked two new orders worth Rs 481 crore in domestic market.

The company secured the first order, valued at Rs 449 crore, from the Water Resources Department of Bihar for execution of restoration of Eastern Gandak Canal to be completed over 25 months.

Further, the second order has been received from MRF Limited, Chennai for construction of proposed radial tyre plant and easy tyre plant in Andhra Pradesh. The contract is valued at Rs 32 crore and is scheduled to be completed over 6 months.

The shares of the company settled the day at Rs 134 on BSE. The counter has made 52-week-high and low of Rs 159 and Rs 34 respectively.