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C & C Constructions jumps 10% on orders from government and Oman

Its joint venture company C & C ESM also received order from Dedicated Freight Corridor Corporation of India for total value of Rs 124.2 crore.

February 12, 2019 / 11:15 AM IST
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C & C Constructions shares rallied nearly 10 percent intraday Tuesday after bagging orders from the Government of India and Oman.

The stock was quoting at Rs 21.40, up Rs 1.15, or 5.68 percent on the BSE, at 11:02 hours IST.

"The company has been awarded a project by Ministry of Defence, Sultanate of Oman for design and construction of connecting road between upper Surfeit & Sea to Surfeit for total amount of $ 15,387,765.51 and the completion date of the project is March 31, 2020," the construction company said in its filing.

Further, its joint venture company C & C ESM also received order from Dedicated Freight Corridor Corporation of India for total value of Rs 124.2 crore. The order is for construction of double line rail flyover including approach portion between Ganjkhwaja- Mughalsarai Railway Stations etc.

"The work will have to be completed in all respect within 18 months from the date of issue of letter of acceptance. The share of C & C in this JV is 51 percent," the company said.



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first published: Feb 12, 2019 11:15 am
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