Ashoka Buildcon emerges lowest bidder for NHAI HAM project

Ashoka Buildcon Limited ("the Company") had submitted its bid to National Highways Authority of India ("NHAI") for the Project viz. 'Development of 6 lane Access Controlled Greenfield highway from KM 162.500 to KM 203.100, Baswantpur to Singondi Section of NH 150 C (Package 4 of Akkalkot KNT of TS Border) on Hybrid Annuity Mode (HAM) under Bharatmala Pariyojana' (Project).

The Company emerged as "the Lowest Bidder" at the Financial Bid opening meeting held on March 29, 2022 at New Delhi.

The quoted Bid Project Cost for the Project is Rs.1,079 Crore.

The Construction period is 912 days from the appointed date.

Shares of Ashoka Buildcon Limited was last trading in BSE at Rs. 87.85 as compared to the previous close of Rs. 89.40. The total number of shares traded during the day was 62428 in over 1107 trades.

The stock hit an intraday high of Rs. 90.80 and intraday low of 87.45. The net turnover during the day was Rs. 5523851.00.

Source : Equity Bulls

Keywords

AshokaBuildcon INE442H01029 LowestBidder NHAI HAMProject BharatmalaPariyojana