Ashoka Buildcon Ltd receives LOA for project

Ashoka Buildcon Limited ("the Company") had submitted bid for the Project "Up-gradation of existing Electric traction system from 1 x 25 kV to 2 x 25 kV along with modification of existing OHE for 160 kmph few Sections of Ajmer Division of North Western Railway" to The President of India Acting through the CEE/Project/NWR, North Western Railway, Jaipur. ("Authority")

The Company has received Letter of Acceptance from the Authority for the said Project.

The accepted Project Cost is Rs.539.35 Crore incl. GST.

Shares of Ashoka Buildcon Limited was last trading in BSE at Rs. 199.20 as compared to the previous close of Rs. 200.80. The total number of shares traded during the day was 114536 in over 2163 trades.

The stock hit an intraday high of Rs. 200.70 and intraday low of 196.20. The net turnover during the day was Rs. 22775872.00.

Source : Equity Bulls

Keywords

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