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Reliance Infra Zooms 21pc On Bagging EPC Contracts

Reliance Infrastructure Limited (RInfra) has secured one of the largest EPC contracts from MSRDC, the company informed to the Exchanges. The contract values Rs.7000Crore for the Versova-Bandra Sea Link Project.

Through this prestigious order winning, Reliance Infrastructure has once again demonstrated its proven world-class strength in highly competitive bidding at each stage.

On Wednesday, the shares of Reliance Infrastructure Limited opened at Rs50.80 and zoomed at Rs64.90per share at its intraday high on the NSE.  At around 3pm the stock is trading at Rs.63per share, up 21.27% from its previous closing of Rs.51.95. 

Meanwhile the Sensex scaled at 39590, up by 155pts and the Nifty picked up at 11841-level up by 45pts at 3.12pm.