AB Infrabuild Bags Order Worth INR629 Million; Shares Down 3%

MT Newswires Live
Mar 04

AB Infrabuild (NSE:ABINFRA, BOM:544281) secured an order worth 629.4 million Indian rupees from the National Highways Authority of India, according to a filing to the Indian stock exchanges on Wednesday.

The contract is for the construction of three units of vehicular underpass with approaches and service roads on the National Highway-16 in the Indian state of Odisha.

The project is expected to be completed in 18 months.

The company's shares were down nearly 3% in recent trade.

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