Ashoka Buildcon Ltd receives LOA from NHAI for Rs. 1079 crore HAM project

Ashoka Buildcon Ltd has received a Letter of Award (LOA) from National Highways Authority of India ('NHAI') for the Project viz. 'Development of 6 lane Access Controlled Greenfield highway from KM 162.500 to KM 203.100, Baswantpur to Singondi Section of NH 150 C (Package 4 of Akkalkot KNT of TS Border) on Hybrid Annuity Mode (HAM) under Bharatmala Pariyojana' (Project).

The accepted Bid Project Cost for the Project is Rs.1,079 Crore.

The Construction period is 912 days from the appointed date. The operation period is 15 years from the Commercial Operation Date.

Shares of Ashoka Buildcon Limited was last trading in BSE at Rs. 85.90 as compared to the previous close of Rs. 86.20. The total number of shares traded during the day was 196525 in over 2484 trades.

The stock hit an intraday high of Rs. 88.00 and intraday low of 85.55. The net turnover during the day was Rs. 17056131.00.

Source : Equity Bulls

Keywords

AshokaBuildcon INE442H01029 LOA NHAI HAMProject BharatmalaPariyojana