Ashoka Buildcon consortium's bid accepted for Rs. 1046 crore project

Ashoka Buildcon Limited ("the Company") had submitted bid to Municipal Corporation of Greater Mumbai (MCGM) along with other Partners ("ABI Consortium") for the Project viz. 'Designing, Providing, Constructing and commissioning modernized and fully automated package / modular Sewage Treatment Plants based on MBR technology along Poisar river on Design Build Operate (DBO), along with 15 years of Operation and Maintenance and Providing and laying of sewer network, provision of Interceptors for diversion of DWF, construction of service road and road side drains on either banks of Poisar River for interception & diversion of sewage'. (Project)

ABL Consortium has received Letter of Acceptance cum Work Order for the said Project.

The accepted offer of the Project is Rs.1,046 Crore.

The Contract period is 36 months excluding monsoon along with 15 years of operation and maintenance of the Project.

Shares of Ashoka Buildcon Limited was last trading in BSE at Rs. 97.95 as compared to the previous close of Rs. 98.55. The total number of shares traded during the day was 73247 in over 1353 trades.

The stock hit an intraday high of Rs. 99.40 and intraday low of 97.50. The net turnover during the day was Rs. 7199460.00.

Source : Equity Bulls

Keywords

AshokaBuildcon INE442H01029 OrderWin MCGM PoisarRiver