Ashoka Buildcon Limited's ('the Company') SPV Ashoka Banwara Bettadahalli Road Private Limited ('SPV') has executed a Concession Agreement with National Highways Authority of India ('NHAI') on March 19, 2020, for the Project viz. Four Laning of Tumkur-Shivamogga section from Km 119+790 (Design Km 121+900) to Km 166+100 (Design Km170+415), Banwara to Bettadahalli section of NH-206 in the State of Karnataka, on Hybrid Annuity Mode under Bharatmala Priyojana (Package - III). ('Project')
The SPV is a wholly owned subsidiary of the Company.
The accepted Bid Project Cost is Rs.1,035.50 Crore.
Shares of ASHOKA BUILDCON LTD. was last trading in BSE at Rs.52.95 as compared to the previous close of Rs. 56.6. The total number of shares traded during the day was 177143 in over 3460 trades.
The stock hit an intraday high of Rs. 56 and intraday low of 49.35. The net turnover during the day was Rs. 9093930.