Ashoka Buildcon Limited (the Company) had earlier announced about the achievement of Financial closure, the company has now announced that Ashoka Khairatunda Barwa Adda Road Limited, has received January 08, 2019 as an Appointed Date for the NHAI Project vide NHAI letter dated March 08, 2019.
The accepted Bid Project Cost is Rs.860.10 Crore. The construction period of the Project is 730 days from an Appointed Date and operation period is 15 years from COD.
Ashoka Khairatunda Barwa Adda Road Limited is a wholly owned subsidiary of Ashoka Concessions Limited (ACL), a Subsidiary of the Company. ACL was the preferred bidder for the Project viz. Six Laning of Khairatunda to Barwa Adda Section of NH-2 from km. 360.300 to km. 400.132 in the State of Jharkhand under NHDP Phase-V on Hybrid Annuity Mode.
Shares of ASHOKA BUILDCON LTD. was last trading in BSE at Rs.133.75 as compared to the previous close of Rs. 135. The total number of shares traded during the day was 23649 in over 363 trades.
The stock hit an intraday high of Rs. 136.05 and intraday low of 131. The net turnover during the day was Rs. 3161318.