Ashoka Buildcon Ltd receives notification for Rs. 754.57 crores worth projects

Ashoka Buildcon Limited ("the Company") had submitted its bid to the Madhya Pradesh PoorvKshetra Vidyut Vitaran Company Ltd. (MPPKVVCL) ("Authority") for the following Projects.

a. Supply, Installation, Testing and Commissioning of New 11 KV Lines, LT Line on AB cable, Distribution Transformer Substation and Supporting works such as DPs, TPs, Crossing etc. for separation of 11 KV mix Feeders & Mix DTRs under Revamped Reforms-based and Results-linked Distribution Sector (Package-06) in Balaghat circle of MPPKVVCL, Jabalpur Company Area;

b. Supply, Installation, Testing and Commissioning of New 11 KV Lines, LT Line on AB cable, Distribution Transformer Substation and Supporting works such as DPs, TPs, Crossing etc. for separation of 11 KV mix Feeders & Mix DTRs under Revamped Reforms-based and Results-linked Distribution Sector (Package-08) in Satna circle of MPPKVVCL, Jabalpur Company Area; and

c. ABL for supply, installation, testing and commissioning of new 11 kv lines, LT lines on AB cables, Distribution transformer sub stations and supporting works under Revamped Reforms-based and Results linked distribution sector package 7 in Rewa circle of MPPKVVCL, Jabalpur company area.

The Company has received Notifications of Award from the Authority.

The aggregate accepted Bid Project Cost for the Projects is Rs.754.57 Crore

Shares of Ashoka Buildcon Limited was last trading in BSE at Rs. 89.60 as compared to the previous close of Rs. 89.50. The total number of shares traded during the day was 173241 in over 1834 trades.

The stock hit an intraday high of Rs. 90.60 and intraday low of 88.55. The net turnover during the day was Rs. 15487124.00.

Source : Equity Bulls

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