Tarmat shares hit 5% upper circuit in the morning trade after the company won infrastructure contract worth Rs 139.48 crores from the Maharashtra State Infrastructure Development Corporation. The company received this project as part of a joint venture, with Tarmat holding an 80% stake.
The contract involves the construction of concrete pavement roads, as well as the reconstruction and widening of bridges and culverts along the Revdanda Bridge to Borli to Murud route, which spans 29.4 kilometers. This massive infrastructure project is scheduled to be completed in 30 months.
