India's RKEC Projects hits upper circuit on receipt of $1.5 mln arbitration award

Rkec Projects

28/03/2024 07:04

** Shares of RKEC Projects  RKEC.NS  hit upper circuit after
rising 5% to 104.45 rupees
    ** Civil and defense construction co says it received
arbitration award of 121.1 mln rupees ($1.5 mln) in matter
related to insurance of cyclone-damaged project
    ** Stock had hit upper circuit last week after winning two
orders
    ** Including day's gains stock up ~43% so far this year; it
rose ~66% in 2023

($1 = 83.3700 Indian rupees)

 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com))