Ashoka Buildcon Limited emerges lowest bidder for NHIDCL project

Ashoka Buildcon Limited ('the Company') had submitted Bid to National Highways & Infrastructure Development Corporation Limited ('NHIDCL') in respect of the Project viz. 'Request for Proposal for Widening/Improvement to 4 (Four) Lane with Paved Shoulder from KM 113+300 to Km 146+250 (Design Chainage 113+830 to 145+712) of Kwaram Taro Village - Dillai Section (Package-6) of NH 29 in the state of Assam on EPC mode'. (Project)

The Company has emerged as the Lowest Bidder (L-1) and the quoted Bid Price of the Project is Rs.282.11 Crore.

Shares of Ashoka Buildcon Limited was last trading in BSE at Rs. 102.35 as compared to the previous close of Rs. 102.95. The total number of shares traded during the day was 47578 in over 776 trades.

The stock hit an intraday high of Rs. 103.8 and intraday low of 102.1. The net turnover during the day was Rs. 4897656.

Source : Equity Bulls

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