K2 Infragen Secures Contract Worth Crores for Road Construction in Telangana
K2 Infragen Limited has secured a work order worth approximately 390.91 Crores (Rupees Three Hundred and Ninety Crores Ninety-One Lakhs only), excluding GST, pertaining to road infrastructure development in Telangana. The contract is with the Panchayat Raj Engineering Department, Government of Telangana.The project involves the Construction, Upgradation, Strengthening & Maintenance of Selected PRED roads in the Bhongir Circle in Telangana under TGDRP on Hybrid Annuity Mode - Phase-I, Package No.2.
This order falls within the ordinary course of business for the company and is categorized as a domestic contract. The contract requires a timeline of 912 days from the Appointed Date to complete the execution.
Details regarding the awarded contract are provided below:
| Contractual Detail | Specification |
|---|---|
| Entity Awarding Order | Panchayat Raj Engineering Department, Government of Telangana |
| Nature of Work | Construction, Upgradation, Strengthening & Maintenance of Selected PRED roads in Bhongir Circle under TGDRP on Hybrid Annuity Mode - Phase-I, Package No.2 |
| Current Order Value (Excluding GST) | Approximately 390.91 Crores (Rupees Three Hundred and Ninety Crores Ninety-One Lakhs only) |
| Total Project Size/Broad Consideration (Excluding GST) | Approximately 3390.91 Crores (Rupees Three Hundred and Ninety Crores Ninety-One Lakhs only) |
| Entity Type | Domestic |
| Interest of Promoter Group | No |
K2 Infragen Limited stated that the contract, which amounts to approximately 390.91 Crores excluding GST, represents a domestic order related to infrastructure development in Telangana state. The company confirmed that it holds no interest in the entity awarding the contract.
K2INFRA Stock Price Movement
Shares of K2 Infragen Limited are edging higher to ₹68 as of 3:18 PM today, posting a significant rally after gaining ₹7.70 in value. The stock trades amidst strong activity, with total volume reaching 253,200 shares and the price hovering near its intraday peak.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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