Man Infraconstructions expects strong sales momentum for the project and expects to generate revenue of Rs 1,200 crore in next 4 years from this project.
Shares of Man Infraconstruction surged more than 3 per cent to Rs 195.80, hitting its new 52-week high, with a total market capitalization of more than Rs 7,250 crore.
The company board of Man Infra is scheduled to meet on Wednesday, November 29, to consider the proposal for raising of funds by way of issue of one or more of instruments.