Ashoka Buildcon Ltd emerges L1 bidder for NHAI project

Ashoka Buildcon Limited ("the Company") has submitted bid to National Highways Authority of India ("NHAI")for the Project viz. ''Request for Proposal for Six laning of Aurangabad to Bihar-Jharkhand Border (Chordaha), Section of NH-2 from km. 180+000 to km. 209+827 (PKG-I) in the State of Bihar under Bharatmala on EPC Mode' ("Project").

The Company has emerged as the Lowest Bidder (L-1) for the Project, the Bid Value of which is Rs.520 Crore, excluding GST.

Shares of Ashoka Buildcon Limited was last trading in BSE at Rs. 161.95 as compared to the previous close of Rs. 163.05. The total number of shares traded during the day was 451300 in over 4863 trades.

The stock hit an intraday high of Rs. 169.35 and intraday low of 161.35. The net turnover during the day was Rs. 74553152.00.

Source : Equity Bulls

Keywords

AshokaBuildcon INE442H01029 L1Bidder NHAIProject