The project involves the construction of a diversion road from 4/700 km to 11/500 km of the Duduka–Gopalpur–Toparia Road, a six-lane corridor with a service road, in Sundargarh district of Odisha.
The tender was floated by Odisha Bridge & Construction Corporation Limited (OBCCL), and the project will be executed on an Engineering, Procurement and Construction (EPC) basis. The company said the completion period for the project is 18 months.
The shares of the company ended 3.75% in the red on Friday, March 13. The stock has fallen 77% in the year so far.
Earlier this week, the company said it has received a Letter of Intent from REC Power Development and Consultancy Limited (RECPDCL) for the development of a 400 kV substation at Mekhali along with associated transmission lines in Belagavi district, Karnataka.
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