Ashoka Buildcon wins projects from Dakshinanchal Vidyut Vitran Nigam Ltd

Ashoka Buildcon Limited ("the Company") informs that the Company had submitted its bid to the Dakshinanchal Vidyut Vitran Nigam Ltd. ("Authority") for the following Projects.

- Development of distribution infrastructure at Aligarh-2 Zone (electricity distribution circle Etah & Kasganj, District-Etah & Kasganj) of Uttar Pradesh State under revamped reforms-based and results-linked, distribution sector scheme - GPS survey, design, supply, installation, GIS, Assest mapping, Testing and Commissioning of works related to loss reduction on turnkey basis under RDSS; and

- Development of Distribution Infrastructure At Agra-1 Zone (Electricity Distribution Circle EDC Fatehabad, EDC Mainpuri, EDC Firozabad, EUDC Firozabad), District Agra, Mainpuri & Firozabad of Uttar Pradesh State Under Revamped Reforms-Based And Results-Linked, Distribution Sector Scheme

The Company has received Letters of Intent from the Authority.

The aggregate accepted Bid Project Value for the Projects is Rs.807.64 Crore.

Shares of Ashoka Buildcon Limited was last trading in BSE at Rs. 86.15 as compared to the previous close of Rs. 87.30. The total number of shares traded during the day was 87010 in over 1270 trades.

The stock hit an intraday high of Rs. 87.80 and intraday low of 85.45. The net turnover during the day was Rs. 7516530.00.

Source : Equity Bulls

Keywords

AshokaBuildcon INE442H01029 TwoProjects DakshinanchalVidyutVitranNigam