Ashoka Kandi Ramsanpalle Road Pvt Ltd receives financial closure letter from NHAI

Ashoka Buildcon Limited ("the Company") has announced that Ashoka Kandi Ramsanpalle Road Private Limited, a wholly owned subsidiary of the Company, is in receipt of letter from National Highways Authority of India dated October 23, 2020 for the Approval for achievement of Financial closure as on October 05, 2020 for the Project viz. 'Four laning of NH-161 from Kandi (Design Km 0.000) (Km 498.250 of NH-65) to Ramsanpalle (Design Km 39.980/Existing Km 44.757) (Design Length = 39.980 Km) in the State of Telangana under Bharatmala Pariyojna on Hybrid Annuity Mode'.

The Bid Project Cost is Rs.1,000 Crore.

Shares of ASHOKA BUILDCON LTD. was last trading in BSE at Rs.63.35 as compared to the previous close of Rs. 63.4. The total number of shares traded during the day was 47420 in over 576 trades.

The stock hit an intraday high of Rs. 64 and intraday low of 62.85. The net turnover during the day was Rs. 3007477.

Source : Equity Bulls

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