Ashoka Buildcon Ltd receives LoA for order worth Rs. 284.65 crore

Ashoka Buildcon Limited ("the Company") has received Letter of Acceptance (LoA) from Ministry of Railways, Chief Engineer/Construction/Central, North Central Railway for the Project viz. 'Engineering Procurement and Construction (EPC) Agreement for - "All civil engineering works (Earthwork, Blanketing, Retaining Wall/Boundary Wall/Side Drain, Major Bridges, Minor Bridges, RUBs, LCs, Station Buildings, Service buildings, Quarters, Other Buildings, Platforms etc.) and Supply of Machine Crushed Stone Ballast including track linking works, in between block section from Birpur (excluding) to Seroni Road (including) GC Project excluding [Kuno Important Bridge and its approaches](including certain Pway works) & excluding [ROB 210 and TRD and S&T work] in connection with Gwalior - Sheopurkalan GC Project of North Central Railway' ("Project").

The accepted Contract Value for the Project is Rs.284.65 Crore.

Shares of Ashoka Buildcon Limited was last trading in BSE at Rs. 73.96 as compared to the previous close of Rs. 74.92. The total number of shares traded during the day was 69461 in over 974 trades.

The stock hit an intraday high of Rs. 75.97 and intraday low of 73.75. The net turnover during the day was Rs. 5207043.00.

Source : Equity Bulls

Keywords

AshokaBuildcon INE442H01029 LoA RailwaysMinistry OrderWin