Ashoka Buildcon Ltd receives LoA for project worth Rs. 499.95 crore

Ashoka Buildcon Limited ("the Company") had submitted bid for the Project "Design, Supply, Erection, Testing and Commissioning for up-gradation of existing Electric traction system from 1 x 25 kV to 2 x 25 kV along with modification of existing OHE for 160 kmph in RE-AWR-BKI, BKI-JP, JP-FLMD & RE-RGS-FL Sections of Jaipur Division of North Western Railway (Total 581.43 RKM / 1210.82 TKM)" to The President of India Acting through the CEE/Project/NWR, North Western Railway, Jaipur. ("Authority")

Further to apprise that the Company has received Letter of Acceptance from the Authority for the said Project.

The accepted Project Cost is Rs.499.95 Crore incl. GST.

Shares of Ashoka Buildcon Limited was last trading in BSE at Rs. 182.30 as compared to the previous close of Rs. 183.30. The total number of shares traded during the day was 119155 in over 2177 trades.

The stock hit an intraday high of Rs. 186.85 and intraday low of 181.40. The net turnover during the day was Rs. 21857735.00.

Source : Equity Bulls

Keywords

AshokaBuildcon INE442H01029 LoA OrderWin