Shares of Vishnu Prakash R Punglia Ltd were trading 2% higher on 16 January after the company announced securing an order worth Rs 116.5 crore.

In its regulatory filing, the company said that they have secured an order worth Rs 116.56 crore from North Western Railway. They have received a letter of award from the DRM office of North Western Railway, Jodhpur, Rajasthan.

The company has to construct a foot-over bridge at a total of 14 locations, including Didwana, Nagaur, and Barmer, over the tracks of the Indian railway.

Earlier, the company received a letter of award for two projects from the Government of Uttarakhand. The first project is for a total consideration of Rs 525.49 crore, while the second project is for Rs 373.21 crore.

As of 31 September, the DIIs (domestic institutional investors) hold a 4.94% stake, while FIIs (foreign institutional investors) hold a 4.66% stake in the company.

The company was founded in 1986 and is one of the fastest-growing infrastructure development companies in India. The company is engaged in the business of designing and constructing infrastructure projects for state and central governments, private bodies, and autonomous bodies across 9 states and 1 union territory.

At 3:30 pm, the shares of Vishnu Prakash closed 1.52% higher at Rs 217.15 on NSE.