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Nov 11, 2017, 07.33 AM IST

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Reliance Infra stock rises on NPCI order buzz

ETMarkets.com|
Updated: Nov 09, 2017, 04.00 PM IST
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The scrip touched its fresh 52-week high of Rs 630 on May 12, 2017 and its 52-week low of Rs 426.45 on November 9, 2016.
The scrip touched its fresh 52-week high of Rs 630 on May 12, 2017 and its 52-week low of Rs 426.45 on November 9, 2016.
NEW DELHI: Shares of Reliance Infra gained over 3 per cent on Thursday after reports that the Anil Ambani-led company is slated to win a Rs 1,000-crore order from Nuclear Power Corporation of India (NPCI).

Following the development, the stock advanced 3.42 per cent to end the day at Rs 468.65 on BSE. It opened at Rs 460 and touched an intraday high and low of Rs 470.70 and Rs 455 respectively.

The scrip touched its fresh 52-week high of Rs 630 on May 12, 2017 and its 52-week low of Rs 426.45 on November 9, 2016.

NPCI opened bids for the engineering, procurement and construction tenders related to the third and fourth units of 1,000 MW each of the Kudankulam nuclear power project on Tuesday.

Reliance Infra was the lowest bidder, beating Larsen & Toubro and Tata Projects, people familiar with the matter told ET.

"We have bid for the project but cannot comment any further till NPCI awards the order," a Reliance Infra spokesperson told ET.

Promoters held 49.74 per cent stake in the company as of September 2017.
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