Stock Report

Ashoka Buildcon Ltd JV wins LOA from CIDCO



Posted On : 2024-10-11 20:30:26( TIMEZONE : IST )

Ashoka Buildcon Ltd JV wins LOA from CIDCO

Ashoka Buildcon Limited ("the Company") had submitted bid for the Project to City & Industrial Development Corporation of Maharashtra Limited (CIDCO) in Joint Venture, where the Company is Lead Member of JV. ("Ashoka JV")

Further to apprise that the Ashoka JV has received Letter of Acceptance (LOA) for the said Project.

The accepted Bid Price for the Project is Rs.1,673.25 Crore, excl. GST.

The order is for Integrated Infrastructure Development of 20M & above wide Roads, Construction of Various Major & Minor Structures (Viz. Flyover, Minor Bridges, VUPS, PUPS etc.) And Allied Electrical Works (Street Light) in TPS - 10 & TPS - 11 under NAINA Project.

Shares of Ashoka Buildcon Limited was last trading in BSE at Rs. 251.80 as compared to the previous close of Rs. 244.25. The total number of shares traded during the day was 283085 in over 4503 trades.

The stock hit an intraday high of Rs. 253.50 and intraday low of 244.15. The net turnover during the day was Rs. 70964987.00.

Source : Equity Bulls

Keywords

AshokaBuildcon INE442H01029 LOA JV OrderWin CIDCO