K2 Infragen Secures Large Order worth 3158.58 Crores from Railway Corporation Ltd.
K2 Infragen Limited has secured a significant work order amounting to approximately 3158.58 Crores (Rupees One Hundred Fifty-Eight Crore Fifty-Eight Lakhs only), including GST, from Konkan Railway Corporation Ltd.The contract pertains to the upgradation of the electric traction system across multiple sections belonging to the North Western Railway. The scope of work includes Design, Supply, Erection, Testing and Commissioning for upgrading the existing traction system from 1 x 25 kV to a dual 2 x 25 kV traction system.
The contracted work covers two divisions:
- In the Jodhpur Division (LUNI - SMR - BLDI Sections), totaling 272 RKM / 345.646 TKM.
- In the Jaipur Division (JP - SWM Section), totaling 131 RKM / 152 TKM.
The contract value is approximately 3158.58 Crores, inclusive of GST, and K2 Infragen Limited has been allocated a timeframe of 24 months for execution. The order has been confirmed as an ordinary course of business and was awarded by a domestic entity.
K2INFRA Stock Price Movement
On Friday, K2 Infragen Limited shares edged higher to close at ₹50.25, marking a 2.66% gain as trading concluded. The equity saw considerable movement during the day, charting within a range defined by a low of ₹49.00 and a high of ₹52.60.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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