Ashoka Buildcon emerges L1 bidder for two projects worth Rs. 1390 crore

Ashoka Buildcon Limited ("the Company") had submitted Bids to National Highway Authority of India ("NHAI") in respect of the following Projects viz.

- Request for Proposal for Four laning of Arrah to Pararia section of NH-319(Old NH-30) from Km 0+000 to Km 54+530 (Design Chainage) in the State of Bihar under Bharatmala pariyojana Phase -1 on EPC Mode (Package-I); and

- Request for Proposal for Four laning of Pararia to Mohania section of NH-319(Old NH-30) from Km 54+530 to Km 115+330 (Design Chainage) in the State of Bihar under Bharatmala Pariyojana Phase-I on EPC Mode (Package II).

The Company has emerged as the Lowest Bidder (L-1) for above-referred Packages i.e. Package I and Package II.

The aggregate quoted value of both the Projects is Rs.1,390 Crore.

Shares of ASHOKA BUILDCON LTD. was last trading in BSE at Rs.68.2 as compared to the previous close of Rs. 69.2. The total number of shares traded during the day was 40624 in over 411 trades.

The stock hit an intraday high of Rs. 70.8 and intraday low of 67.9. The net turnover during the day was Rs. 2793183.

Source : Equity Bulls

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