Ashoka Buildcon Limited receives LoA from NHIDCL

Ashoka Buildcon Limited ("the Company") has received Letter of Acceptance from 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 accepted Price of the Project is Rs.282.11 Crore excluding applicable GST.

Shares of Ashoka Buildcon Limited was last trading in BSE at Rs. 103.45 as compared to the previous close of Rs. 102.5. The total number of shares traded during the day was 179798 in over 2720 trades.

The stock hit an intraday high of Rs. 104.9 and intraday low of 101.4. The net turnover during the day was Rs. 18514983.

Source : Equity Bulls

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