Valecha up 13.4% on order wins

Infrastructure company Valecha Engineering bagged two orders together worth Rs 398 crore.

Valecha up 13.4% on order wins
Infrastructure company Valecha Engineering bagged two orders together worth Rs 398 crore. It will upgrade a section of national highway in Chhattisgarh on EPC basis for Rs 309 crore. The other order is to construct a railway flyover for Rs 89 crore in Mumbai. The company said these orders will be executed at an operating margin of around 9%.

The company's stock rose 13.37 per cent to Rs 34.35 on Wednesday.
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