India, Aug. 13 -- Marushika Technology Limited has received a Letter of Award from Nashik Municipal Corporation as part of a consortium for the development of a multi-level car parking facility at Yashwant Mandai, Nashik. The project is being undertaken specifically in connection with the upcoming Simhastha Kumbh Mela.

The order places Marushika within a broader infrastructure-development programme taking shape across Nashik ahead of the major religious gathering. The company will participate alongside iRAM Technologies Private Limited, the lead consortium member, and SRK Buildtech LLP.

Shares of Marushika Technology Limited were trading at Rs 119.95, up 8.06 percent from the previous close of Rs 111. The stock opened at Rs 111 and reac...