C & C Constructions up 5%, JV bags road projects worth Rs 3011cr
The JV company, BSC- C &C has been awarded five road projects in the state of Bihar of Rs 1493.40 crore.
Share price of C & C Constructions has locked at 5 percent upper circuit on Tuesday as its joint venture company has bagged projects worth Rs 3011 crore.
The joint venture company, EPI- C & C, has been awarded a project by government of India for construction of two lane road on NH from Paletwa to India-Myanmar border in Chin State of Myanmar on EPC mode.
In the said JV the company has share of 60 percent and the total contract value of the project is Rs 1518 crore.
The project will be governed as per the terms and conditions set forth in the RFP documents.
The other JV company, BSC- C &C has been awarded five road projects in the state of Bihar of Rs 1493.40 crore. The company has 50 percent share in the said JV.
At 11:25 hrs C & C Constructions was quoting at Rs 24.15, up Rs 1.15, or 5 percent on the BSE.
There were pending buy orders of 274,902 shares, with no sellers available.Posted by Rakesh Patil