Ashoka Buildcon Limited ("the Company") had submitted its bid to the East Central Railways ("ECR") and the Company has received a Letter of Acceptance (LOA) from ECR for the Project viz. 'Provision of Train Collision Avoidance System (KAVACH) along with two 24 Fiber OFC backbone in the sections between Pt. Deen Dayal Upadhyay (DDU) and Pradhankhunta (PKA) of the East Central Railway (Tender No. Kavach-ECR-01)' ("Project").
The accepted Bid Project Cost for the Project is Rs.208.89 Crore.
The completion period is 24 months from the date of LoA.
Shares of Ashoka Buildcon Limited was last trading in BSE at Rs. 75.25 as compared to the previous close of Rs. 77.05. The total number of shares traded during the day was 33933 in over 761 trades.
The stock hit an intraday high of Rs. 77.35 and intraday low of 74.85. The net turnover during the day was Rs. 2568343.00.