Ashoka Buildcon Limited receives LOA for order worth Rs. 1018.36 crore

Ashoka Buildcon Limited has received Letter of Acceptance from FAHI DHIRIULHUN CORPORATION, a State-owned company of the Government of the Republic of the Maldives, for the Project viz. 'Design and Construction of 2000 Social Housing Units in Hulhumale', Republic of Maldives' ("Project") on Engineering, Procurement and Construction (EPC) basis.

The total value for this project is estimated to be around USD 140.33 Million (~Rs.1018.36 Crore).

Shares of ASHOKA BUILDCON LTD. was last trading in BSE at Rs.92.35 as compared to the previous close of Rs. 91.7. The total number of shares traded during the day was 100637 in over 898 trades.

The stock hit an intraday high of Rs. 94.2 and intraday low of 91.6. The net turnover during the day was Rs. 9315431.

Source : Equity Bulls

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