Mumbai-based Valecha Engineering Ltd has informed that it has picked new projects worth Rs 136 crores which includes road resurfacing of runway at Srinagar worth Rs 71 crores and construction of under pass connecting to Dwarka at Delhi worth Rs 65 crores.

Further the company stated in a separate announcement that its Middle-East operations are also progressing well and recently the company has formed a wholly owned subsidiary in the name of Valecha International FZE at Sharjah in UAE.

Valecha Engineering Limited operates as a construction and infrastructure company primarily in India.

Shares of the company gained Rs 0.25, or 0.8%, to settle at Rs 31.55. The total volume of shares traded was 10,946.00 at the BSE (Monday).