Ashoka Buildcon Ltd receives LOA from NHAI

Ashoka Buildcon Limited ("the Company") has received Letter of Award (LoA) from National Highway Authority of India (NHAI) for the Project viz. 'Request for proposal for Construction of Four Lane Elevated Corridor and atgrade improvements from Design Ch:0+000 to Design Ch: 19+870 of Danapur - Bihta Section with providing connectivity to the existing RoB near Danapur station (0.231 km), 1.35 Km ramps & at-grade improvements to Four lane section on Danapur side and Upgradation of existing Two lane carriageway to Four Lane carriageway from Design Ch:19+870 to Design Ch:23+500 of Bihta - Koilwar section (Total Length 25.081 Kms) in the state of Bihar on EPC Mode ("Project")'.

The accepted Contract Value for the Project is Rs.2,161.00 Crore.

Shares of Ashoka Buildcon Limited was last trading in BSE at Rs. 88.55 as compared to the previous close of Rs. 87.50. The total number of shares traded during the day was 145874 in over 1380 trades.

The stock hit an intraday high of Rs. 89.70 and intraday low of 86.60. The net turnover during the day was Rs. 12823750.00.

Source : Equity Bulls

Keywords

AshokaBuildcon INE442H01029 LOA Bihar NHAI OrderWin