Ashoka Buildcon Ltd receives LOA from BMC for Rs. 1126.58 crore project

Ashoka Buildcon Limited ("the Company") had submitted bid for the Project to Brihanmumbai Municipal Corporation (BMC).

Further to apprise that the Company has received Letter of Acceptance (LOA) for the said Project.

The accepted Bid Price for the Project is Rs.1,126.58 Crore, including taxes.

The order is for Construction of Flyover Arm1 Arm-2 at T Junction on Sion Panvel Highway Maharashtra Nagar in M/E Ward.

Shares of Ashoka Buildcon Limited was last trading in BSE at Rs. 251.40 as compared to the previous close of Rs. 257.50. The total number of shares traded during the day was 125826 in over 3016 trades.

The stock hit an intraday high of Rs. 258.80 and intraday low of 251.00. The net turnover during the day was Rs. 31854966.00.

Source : Equity Bulls

Keywords

AshokaBuildcon INE442H01029 Project OrderWin BMC