Ashoka Buildcon Ltd emerges lowest bidder for 31.23 Km road project in Punjab

Ashoka Buildcon Limited ('the Company') had submitted Bid to National Highways Authority of India ('NHAI') in respect of the Project viz. 'Request for Proposal for Development of Memmadpur (Ambala) - Banur (IT City Chowk) - Kharar (Chandigarh) Corridor under Bharatmala Pariyojana - Package-II - 6 laning of IT City Chowk to Kurali Chandigarh Road (Design length: 31.23 Km) in the state of Punjab on EPC mode'.

The Company has emerged as the Lowest Bidder (L-1) and the Quoted Bid Price of which is Rs.726 Crore.

Shares of ASHOKA BUILDCON LTD. was last trading in BSE at Rs.97.2 as compared to the previous close of Rs. 98.2. The total number of shares traded during the day was 661239 in over 6439 trades.

The stock hit an intraday high of Rs. 101.8 and intraday low of 96.1. The net turnover during the day was Rs. 65951865.

Source : Equity Bulls

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