Ashoka Buildcon Limited receives LOA from IRCON International Ltd

Ashoka Buildcon Limited ('the Company'), has received Letter of Award (LOA) from IRCON International Limited in respect of the Project, Viz. 'Provision of supply, Erection, Testing & Commissioning of Electro Mechanical (E&M) System which includes 33/11kV & 11/0.433kV GIS Substations, 33kV & 11kV Power Cable network, DG Sets, Ventilation & Control System, Lighting, UPS System, Fire Fighting System & SCADA System, etc. and associated works complete in all respect as required for Tunnel T-14 & T-15 + T-40/41 on Dharam-Katra Section of USBRL Project (J&K) - (Package: T-14 & T-15 + T-40/41, E&M)'; Tender No. : IRCON/J&K-Cell/JAT/15/1014/T-14 & T-15 + T-40/41, E&M.

The accepted Contract Value of Project is Rs.482.34 Crore.

Shares of ASHOKA BUILDCON LTD. was last trading in BSE at Rs.110.75 as compared to the previous close of Rs. 109.4. The total number of shares traded during the day was 142381 in over 1438 trades.

The stock hit an intraday high of Rs. 112.65 and intraday low of 109.25. The net turnover during the day was Rs. 15820252.

Source : Equity Bulls

Keywords