Vishnu Prakash R Punglia secures ₹103 crore contract from North Western Railway – CNBC TV18
| Company | Value | Change | %Change |
|---|
“Following the submission of the tender Vishnu Prakash R Punglia Limited has been selected as the chosen contractor for this significant endeavor. The tender, evaluated and accepted by the competent authority, having a total value of Rs. 1029.27 million,” the company said in a regulatory filing
The project involves constructing bridges, along with ancillary works, on the Adarsh Nagar to Raila Road section. This work is part of the doubling of the Ajmer-Chanderiya railway line.
Also Read: A tie-up with HDFC Bank sends shares of this company into a 5% upper circuit
“…the receipt of a new project from the Office of DYCE-C-I-AII-ENGINEERING Ajmer division of NWR, titled “Construction of major and important bridges and other ancillary works from Adarsh Nagar (including) to Raila Road (including) between km 4/6 to km 99/0 in connection with Doubling of Ajmer- Chanderiya in Ajmer division of North Western Railway,” it said.
“We look forward to collaborating closely with Ajmer division of North Western Railway and stakeholders to ensure the successful completion of the Project,” it said.
Also Read: Reliance Industries shares may rise 20%, Motilal Oswal says citing ‘compelling’ risk reward
Shares of Vishnu Prakash R Punglia Ltd ended at ₹335.00, up by ₹28.45, or 9.28% on the BSE.
