Shares of KNR Constructions jumped nearly 6 percent on Wednesday after the company received a letter of acceptance (LoA) for an NHAI project in Kerala. The project bid cost was Rs 2,367 crore and the company bid was Rs 2,116 crore, said the company.

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The stock rose as much as 5.8 percent to its day's high of Rs 219 per share on the BSE.

The company got the letter of acceptance for the six-laning of the Ramanattukara section of NH-66 (old NH-17) in Kerala on hybrid annuity mode under Bharatmala Pariyojana, it said in a BSE filing.

"We herewith intimate to the exchange that the company is in receipt of Letter of Acceptance for six-laning of the Ramanattukara Junction to start ohf the Valanchery bypass section (old NH-17) from Design Ch. 258+818 (Ex. km 27.840 of Kozhikode bypass) to Design Chainage 298+500 (Ex. km 304.250) on Hybrid Annuiry Mode under Bharatmala Pariyojana in the state of Kerala," it said in an exchange filing.

(Edited by : Pranati Deva)