Bengaluru, Sept. 16 -- The shares of the infrastructure services provider company rallied up to 5 percent after securing a contract worth Rs.58 crores from the Tripura Urban Planning and Development Authority.

With a market capitalization of Rs.162.27 crore, the shares of Oval Projects Engineering Limited were trading at Rs.78.13, up by 5 percent from the previous day's closing price of Rs.74.41.

Contract

Oval Projects Engineering Limited, which holds a controlling 51 percent stake in a joint venture with Raviraj Bokadia Creative, 49 percent, has received a Letter of Award from the Tripura Urban Planning and Development Authority.

The contract, valued at Rs.58.25 crore, involves improving roads and storm water drainage systems in the ...