Moneycontrol PRO
HomeNewsBusinessStocksValecha Engineering gains 10%; bags projects worth Rs 398 cr

Valecha Engineering gains 10%; bags projects worth Rs 398 cr

The company has bagged an order for rehabilitation and up-gradation of NH-43 from 130 km to 180 km to two lane in the state of Chhattisgarh under NHDP-IV on EPC basis worth Rs 308.77 crore.

February 17, 2016 / 09:38 IST

Moneycontrol BureauShares of Valecha Engineering gained more than 10 percent intraday Wednesday as it has received an orders of Rs 398 crore. The company has bagged an order for rehabilitation and up-gradation of NH-43 from 130 km to 180 km to two lane in the state of Chhattisgarh under NHDP-IV on EPC basis worth Rs 308.77 crore.In the another contract, the company to construct a rail flyover for the horbouor line at Kurla worth Rs 89.26 crore.At 09:31 hrs Valecha Engineering was quoting at Rs 32.20, up Rs 1.90, or 6.27 percent on the BSE.Posted by Rakesh Patil

first published: Feb 17, 2016 09:38 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347