Ashoka Buildcon Limited received LoA for National Highways Authority of India Project for Rs. 726 crore

Ashoka Buildcon Limited ("the Company") has received Letter of Acceptance from National Highways Authority of India ("NHAi") in respect of the Project viz. 'Request for Proposal for Development of Memmadpur (Ambala) - Banur (IT City Chowk) - Kharar (Chandigarh) Corridor under Bharatmala Pariyojana - Package-II - 6 laning of IT City Chowk to Kurali Chandigarh Road (Design length: 31.23 Km) in the state of Punjab on EPC mode'.

The accepted Bid Price is Rs.726 Crore.

Shares of ASHOKA BUILDCON LTD. was last trading in BSE at Rs.111.75 as compared to the previous close of Rs. 114.7. The total number of shares traded during the day was 185029 in over 1571 trades.

The stock hit an intraday high of Rs. 116.25 and intraday low of 111. The net turnover during the day was Rs. 21064055.

Source : Equity Bulls

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