Ashoka Buildcon Limited ('the Company') has announced that Ashoka Highways (Bhandara) Limited, ('SPV') a Subsidiary of Ashoka Concessions Limited, a Subsidiary of the Company, has received Arbitration Award ('Award') aggregating Rs.168.01 Crore inclusive of interest till date and declaratory award against various claims filed by SPV before National Highways Authority of India (NHAI).
The Project includes Construction, Operation and Maintenance Chattisgarh / Maharashtra Border-Wainganga Bridge Section from K.M. 405.000 to K.M. 485.000 of NH-6 in the State of Maharashtra under NHDP Phase IIIA on Build Operate and Transfer (BOT) basis, awarded by NHAI.
Shares of ASHOKA BUILDCON LTD. was last trading in BSE at Rs.124.45 as compared to the previous close of Rs. 121.2. The total number of shares traded during the day was 7303 in over 233 trades.
The stock hit an intraday high of Rs. 125.3 and intraday low of 121. The net turnover during the day was Rs. 895862.