Stock Report

Ashoka Buildcon receives LoA from Northeast Frontier Railway



Posted On : 2022-02-24 14:12:12( TIMEZONE : IST )

Ashoka Buildcon receives LoA from Northeast Frontier Railway

Ashoka Buildcon Limited ("the Company") has received Letter of Acceptance for the Project viz. 'Electrification of Railway Lines of the sections Rangiya (Excl.)- Murkongselek including branch lines of Rangapara North (Excl.)-Dekargaon, Balipara(Excl.)- Bhalukpong, Harmuty (Excl.)-Naharlagun, Sripani - Dhamalgaon(Excl) , Furkating Jn.(Excl.) to Mariani in.(Excl.) and Tinsukia to Dangri Section including branch line of Makum in to Tirap, Northeast Frontier Railway RKM / TKM - 733.35 /947.59 on EPC mode'; Tender No: EL-CON-NFR-EPC-14-RERT2.' in the State of Assam ("Project").

The accepted offer of the Project is Rs.692.50 Crore.

The Contract period is 900 days.

Shares of Ashoka Buildcon Limited was last trading in BSE at Rs. 92.10 as compared to the previous close of Rs. 90.90. The total number of shares traded during the day was 85364 in over 1051 trades.

The stock hit an intraday high of Rs. 93.50 and intraday low of 91.50. The net turnover during the day was Rs. 7911513.00.

Source : Equity Bulls

Keywords

AshokaBuildcon INE442H01029 LoA NortheastFrontierRailway