The second, larger order worth ₹1,965.88 crore has been awarded by the Municipal Corporation of Greater Mumbai for construction of vehicular bridges, elevated roads and associated infrastructure in Malad (West), with the company holding a 73% share in the joint venture.
Following the announcement, shares of the company rose sharply, hitting an intraday high of ₹548.90. As of 2:30 PM, the stock was trading at ₹538.15, up 4.47% on the NSE.The latest wins come on the back of a series of recent order inflows. Earlier this month, the company secured an EPC contract worth ₹1,184 crore for building an international exhibition-cum-convention centre in Lucknow, while at the start of April, its joint venture received a ₹2,360 crore expressway project from the National Highways Authority of India.
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The steady order pipeline reflects continued traction in urban infrastructure, metro connectivity and highway development projects, supporting visibility on execution going ahead.
