Shares of RKEC Projects Limited hit a 5% upper circuit on 7 October after the company announced receiving a work order from Maharashtra Maritime Board. 

In its regulatory filing, the company said that they have received a work order worth Rs 186.7 crore from Maharashtra Maritime Board for the development of Passenger Jetty and Terminal Facilities at Radio Jetty on an EPC mode at the Gateway of India in Mumbai. 

Earlier on 17 January, the company received a work order for CSA WORKS at HPPL Haldia DT and Panagarh RT for a total consideration of Rs 39.5 crore. 

Moreover on 16 March, the company bagged two work orders totalling Rs 406.6 crore. The details of those orders are as follows: 

• The first order involves rehabilitating and upgrading a 26 km section of NH-4, from km 155 to km 181 (End of Jarwa to Rangat), to an intermediate or 2-Lane road with hard shoulders in the Andaman and Nicobar Islands, executed on an EPC basis.
• The second work order focuses on completing the balance works of a major bridge over Middle Strait Creek on NH-4, connecting South Andaman and Baratang Island, covering a stretch between km 106.590 and km 108.553 in the Andaman and Nicobar Islands.

RKEC Projects is engaged into the construction business, and specialises in civil and defence construction such as the construction of bridges, marines, dams, ports, airports, high-rise structures, highways, roads, oil and gas pipelines, cross water, and much more. 

At 12:25 pm, the shares of RKEC Projects were locked 5% higher at Rs 132.39 on NSE.

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