Saturday 27 Apr 2024
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KUALA LUMPUR (Nov 23): IJM Corp Bhd rose 1.64% this morning after it bagged a RM1.5 billion (2,325 crore rupees) contract to develop the Solapur-Bijapur section of the new National Highway 52 between the states of Maharasthra and Karnataka in India.

At 9.02am, IJM was up 5 sen to RM3.10 with 53,400 shares done.

IJM said it has accepted the letter of award from the National Highways Authority of India for the project, which will be on a design, build, finance, operate and transfer basis.

Work is expected to begin in mid-2018 and is scheduled for completion in 2021.

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