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The Hindu Business Line

K2 InfraGen wins ₹390.91 crore Telangana rural roads contract

K2 InfraGen Ltd has won a ₹390.91 crore rural roads contract from the Government of Telangana, a deal that is more than four times its market capitalisation of about ₹84.86 crore. The work, under the Telangana Rural Roads Development Programme on Hybrid Annuity Mode — Phase I, Package No. 2, covers construction, upgradation, strengthening and maintenance of selected roads in the Bhongir Circle. The company must set up a special purpose vehicle and complete agreement formalities within a defined timeline before execution begins. Its shares fell 2.24% to ₹67.50 on the NSE SME Emerge platform, with 86.27% of traded quantity on the sell side.
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