Ashoka Buildcon Ltd emerges Lowest Bidder for Gujarat Rail Infrastructure Development Corporation Limited Project

Ashoka Buildcon Limited ("the Company") had submitted Bid to Bahucharaji Rail Corporation Limited (BRCL), Gandhinagar, represented by the Gujarat Rail Infrastructure Development Corporation Limited (G-RIDE) for the Project viz. 'Gauge Conversion of Bechraji (63.83 KM) - Ranuj (101.983 KM) Section, Total Length of 38.153 KM Metre Gauge to Broad Gauge with 25 KV AC Electrification in Ahmedabad Division of Western Railway'; (Tender No: GRIDE/BRCL/EPC/2020-21/002)'.

The Company has emerged as the Lowest Bidder (L-1) for the Project.

The quoted value of the Project is Rs.333.625 Crore.

Shares of ASHOKA BUILDCON LTD. was last trading in BSE at Rs.87.3 as compared to the previous close of Rs. 96.95. The total number of shares traded during the day was 343372 in over 3906 trades.

The stock hit an intraday high of Rs. 93.7 and intraday low of 85.15. The net turnover during the day was Rs. 30646008.

Source : Equity Bulls

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