Ashoka Buildcon Ltd emerges Lowest Bidder for Rs. 1668.50 crore NHAI project

Ashoka Buildcon Limited (the Company) has submitted Bid to National Highway Authority of India (NHAI) for the Project viz. 'Request for proposal for Construction of 6 lane Elevated Corridor along with development of existing 4 lane road at ground level from Aroor to Thuravoor Thekku section of NH - 66 (from Km. 366+330 to Km. 379+082 of NH-66) (Length 12.752 Km) under Bharatmala Pariyojana in the State of Kerala on EPC mode ("Project").

The Company has emerged as the Lowest Bidder (L-1) for the Project, the Bid Value of which is Rs.1,668.50 Crore.

Shares of Ashoka Buildcon Limited was last trading in BSE at Rs. 76.80 as compared to the previous close of Rs. 77.70. The total number of shares traded during the day was 174309 in over 2085 trades.

The stock hit an intraday high of Rs. 79.50 and intraday low of 76.60. The net turnover during the day was Rs. 13582638.00.

Source : Equity Bulls

Keywords

AshokaBuildcon INE442H01029 NHAI Kerala RoadProject L1 LowestBidder