Energoprojekt build road in Belgrade - Job worth 809 million dinars

Niskogradnja, one of the members of Energoprojekt building system, announced on December 30 that it had concluded a new significant agreement with the Directorate for Building Land and Development of Belgrade in late December on construction of a central city route with accompanying infrastructure.

The value of the agreement is 809 million dinars, while the deadline for implementation of the project is October 2011. Niskogradnja is one of bigger members of Energoprojekt system, which registered a business revenue of 5.65 billion dinars and net profit of 92.1 million dinars in 2010.

By the way, over the last month, the price of shares of Energoprojekt Holding dropped by over 7% and amounted to less than RSD 900 early last week. With the price of RSD 872, the value of market capitalization is 8.25 billion dinars (78.2 million euros).