Published On:June 14 2016
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A2Z Infra Engineering jumps 12% on order win in Nepal.
Shares of A2Z Infra Engineering surged nearly 12% recently after the company won a $13.56 million (around Rs. 90 crore) contract from Nepal government for expansion of electricity distribution network.
The stock gained 11.79% to Rs. 34.60 on BSE.
At NSE, shares of the company jumped 12.15% to Rs 34.60.
A contract has been awarded from Nepal Electricity Authority, a Nepal government undertaking on June 10, A2Z Infra had said in a BSE filing.
The contract is for expansion of distribution network in the Western Region of Nepal. The award has been made for a 'contract price aggregating to $1,35,63,420.77,' the company said.
The award was given on the basis of a global tender, it added.