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Updated December 27th, 2023 at 09:56 IST

Vishnu Prakash R Punglia hits fresh 52-week high after bagging order worth Rs 899 crore

The award pertains to two crucial projects aimed at enhancing water supply systems in Uttarakhand, it said.

Business Desk
Vishnu Prakash R Punglia
Vishnu Prakash R Punglia | Image:Vishnu Prakash R Punglia
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Infrastructure development firm Vishnu Prakash R Punglia Limited on Wednesday surged as much as 11.75 per cent to hit a fresh 52-week high of Rs 242. 45 after having received orders totalling Rs 899 crore.

The engineering, procurement, and construction firm secured a Letter of Award (LoA) for projects worth Rs 899 crore from the Urban Development Department, Uttarakhand government, as per the exchange filing.

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The award pertains to two crucial projects aimed at enhancing water supply systems in Uttarakhand, it said.

The first project, titled "Development of Water Supply System with 18 years O&M in Haldwani, Uttarakhand (Package 3)," has a bid project cost of Rs 525.49 crore.

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The second project pertaining to the "Development of Water Supply System with 18 years O&M at Kotdwar (Zone 2), Uttarakhand," has a bid project cost of Rs 373.21 crore.

Earlier this year, Vishnu Prakash R Punglia raised Rs 309 crore from the IPO.

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As of 9:36 am, Vishnu Prakash R Punglia shares were trading 6.84 per cent higher at Rs 231.80.

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Published December 27th, 2023 at 09:56 IST

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