Ashoka Baswantpur Singnodi Road Pvt Ltd executes concession agreement with NHAI

Ashoka Baswantpur Singnodi Road Private Limited ('SPV'), a wholly owned subsidiary of Ashoka Buildcon Limited ('the Company') has executed a Concession Agreement with National Highways Authority of India ('NHAI') on May 17, 2022, for the Project viz. 'Development of 6 lane Access Controlled Greenfield Highways from KM 162.500 to KM 203.100 Baswantpur to Singnodi section of NH-150C (Package IV of Akkalkot-KNT/TS Border) on Hybrid Annuity Mode (HAM) under Bharatmala Pariyojana'. ('Project'). The SPV has been incorporated as wholly owned subsidiary of the Company for the execution of this Project as per requirement of Concession Agreement. The accepted Bid Project Cost is Rs.1,079.00 Crore.

Shares of Ashoka Buildcon Limited was last trading in BSE at Rs. 75.30 as compared to the previous close of Rs. 74.30. The total number of shares traded during the day was 48974 in over 584 trades.

The stock hit an intraday high of Rs. 75.80 and intraday low of 74.20. The net turnover during the day was Rs. 3666426.00.

Source : Equity Bulls

Keywords

AshokaBuildcon INE442H01029 AshokaBaswantpurSingnodiRoad ConcessionAgreement NHAI