Nagarjuna Construction Limited, a Hyderabad-based infrastructure development company, has won two orders worth Rs 481 crore.

Out of the two new orders, the first order worth Rs 449 crore is from the water resources department of Bihar for the restoration of Eastern Gandak canal system, which is to be completed in 25 months.

The second order, worth Rs 32 crore, is from MRF limited, a Chennai-based tyre maker, for the manufacture of its desired radial tyre and easy tyre plants in Medak district of Andhra Pradesh.

According to the management consultancy McKinsey & Co, delays and inefficiencies in the performance of infrastructure project during the Eleventh and Twelfth Five-year plans may lead to loss of $200 billion to gross domestic product by 2017.

This entails a loss of 1.1 % in the country's GDP growth.

The firm said that the main reason of GDP loss was spread across tendering, executing and achieving financial closure of projects.

Pratibha Industries, an Infrastructure development firm, has announced that it has bagged a contract worth Rs 523.40 crore for the construction of a medical college at Patna from National Building Construction Corporation Ltd.

In a filing to the Bombay Stock Exchange (BSE), Pratibha Industries has informed that it was a 2 years contract for the construction of ESIC Medical College, which includes hospital building, medical college, hostels and a residential complex.

On Thursday, the shares of the company gained 7.61% at Rs 175 on the BSE.