Nagarjuna bags three orders worth Rs 474 cr

Infrastructure major Nagarjuna Construction today said it has bagged three orders worth Rs 474 crore for developing sports facility and transit management centre, among others in Delhi and Karnataka. The company has received an order worth Rs 252 crore from Engineers India Ltd for developing sports facilities and Infrastructure development works for 2010 commonwealth games at Delhi University area, which is scheduled to be completed within 18 months.

The Hyderabad-based company has also won an order worth Rs 114 crore from the Bangalore Metropolitan Transport Corporation for construction of traffic and transit management corporation in Bangalore. The projected is set to be completed in 24 months.

Besides, Nagarjuna Construction has bagged 108 crore order from Civil Engineering Division of Karnataka State Road Transport Corporation (KSRTC) for developing transport and infrastructure facilities in Mysore and it is scheduled to be completed in 18 months. Shares of the company were trading at Rs 124.25, down 1.25 per cent on BSE in afternoon trade.

Source: Economic Times