Ashoka Buildcon Limited JV emerges lowest bidder for Rs. 611 crore project

Ashoka Buildcon Limited had submitted its bid in Joint Venture (the Company is a Lead Member) with Cube Construction Engineering Limited to Department of Information Technology & Communication, Govt. of Rajasthan ("Authority") for the Project viz. 'Request for Proposal for Selection of Agency for Construction and Maintenance of Rajiv Gandhi Fintech Digital Institute, Jodhpur' (Project).

The Joint Venture emerged as "the Lowest Bidder" at the Financial Bid opening meeting held on July 1, 2022.

The awarded Bid Project Cost for the Project is Rs.611 Crore. The share of the Company in JV is 65%.

The Construction period is 18 months from commencement date.

Shares of Ashoka Buildcon Limited was last trading in BSE at Rs. 72.65 as compared to the previous close of Rs. 73.15. The total number of shares traded during the day was 57478 in over 1064 trades.

The stock hit an intraday high of Rs. 74.15 and intraday low of 71.85. The net turnover during the day was Rs. 4182134.00.

Source : Equity Bulls

Keywords

AshokaBuildcon INE442H01029 LowestBidder RajasthanGovernment OrderWin