Dredging Corp jumps over 3% on winning contract

27/01/2017 11:01

Shares of Dredging Corporation of India rose over 3 per cent on the Bombay Stock Exchange after the company said that it has bagged 102 crore international contract for dredging in Pussur Channel from Mongla Port to Rampal Power Plant, Bangladesh.

Following the announcement, shares of company gained as much as 3.60 per cent to hit intra-day high of Rs 496.20 apiece on Bombay Stock Exchange.

In a similar fashion, stocks of firm advanced 1.68 per cent to Rs 488.85 apiece on the National Stock Exchange.

Meanwhile, the broader benchmark BSE Sensex was trading at 27,951.10, up 242.96 points, or 0.88 per cent, at 10:50 hours.

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