GVK Power up after signing contracts for Australian coal project

GVK Power & Infrastructure gained on Thursday after its subsidiary Hancock Coal Infrastructure signed a construction contract with leading international construction major, Samsung C&T Corporation, a subsidiary of the Korean conglomerate Samsung and Australian based Smithbridge Group.

The contract is to build a 60 mtpa T3 terminal port for the Alpha Coal project at Abbot Point, North Queensland Australia.Shares ofthe companyare trading at Rs 13.63, up Rs 0.22, or 1.64% at the Bombay Stock Exchange (BSE) on Thursday at 9:47 a.m.The scrip has touched an intra-day high of Rs 13.70 and low of Rs 13.50. The total volume of shares traded at the BSE is 417,395.In the earlier session, the shares lost 3.59%, or Rs 0.5, at Rs 13.41. Currently, the stock is trading down 33.19% from its 52-week high of Rs 20.40 and above 42.57% over the 52-week low of Rs 9.56.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 14.16 (0.75) (5.30) 1 Month 13.93 (0.52) (3.73) 3 Months 14.60 (1.19) (8.15) 6 Months 17.75 (4.34) (24.45) 1 Year 14.60 (1.19) (8.15) Note: Based on previous day closing price.