Ashoka Buildcon receives LoA for NHAI road project bid

Ashoka Buildcon Limited ('the Company') has received Letter of Award (LoA) for the Bid submitted to the National Highways Authority of India ('NHAI') in respect of the Project viz. 'Construction of 6 laning from Belgaum to Sankeshwar Bypass from Km. 515+000 to Km. 555+01 of NH-48 in the State of Karnataka on EPC mode under Bharatmala Pariyojana (Package-I)'. (Project). The accepted Bid Price of the Project is Rs.829.49 Crore.

Shares of Ashoka Buildcon Limited was last trading in BSE at Rs. 93.80 as compared to the previous close of Rs. 98.10. The total number of shares traded during the day was 267069 in over 3912 trades.

The stock hit an intraday high of Rs. 98.00 and intraday low of 92.30. The net turnover during the day was Rs. 25266542.00.

Source : Equity Bulls

Keywords

AshokaBuildcon INE442H01029 LoA RoadProject NHAI