Ashoka Kandi Ramsanpalle Road Pvt Ltd receives appointed date for project

Ashoka Kandi Ramsanpalle Road Private Limited, subsidiary of Ashoka Buildcon Limited (the Company) had earlier announced achievement of Financial Closure. The Company has received October 05, 2020 as an Appointed Date for the following 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 Construction Period is 24 months from the Appointed Date and Operation Period is 15 years from Commercial Operations Date (CoD).

Shares of ASHOKA BUILDCON LTD. was last trading in BSE at Rs.60.7 as compared to the previous close of Rs. 62. The total number of shares traded during the day was 48543 in over 833 trades.

The stock hit an intraday high of Rs. 61.45 and intraday low of 60.05. The net turnover during the day was Rs. 2955427.

Source : Equity Bulls

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