Nagarjuna Const. consortium bags Rs 15.58 bn order
Nagarjuna Const. consortium bags Rs 15.58 bn order Nagarjuna Construction in consortium with POSCO E & C of South Korea has bagged an engineering, procurement and construction (EPC) contract valued at Rs 15.58 billion from Steel Authority of India (SAIL) for IISCO steel plant at Burnpur, West Bengal. The project comprises of setting up of blast furnace complex, to be completed over a period of 30 months. >This will be the largest blast furnace in India and will be based on state-of-the-art technology of POSCO E&C. Nagarjuna Constructions` share of the order is approx. Rs 11 billion.
Shares of Nagarjuna Construction gained Rs 11.45 , or 5.25%, to trade at Rs 229.70. The total volume of shares traded was 255,731 at the BSE. (12.26 p.m, Wednesday).
