Home / BUSINESS / Ashoka Buildcon shines on receiving LoA for Project worth Rs 1,079.52 crore

Ashoka Buildcon shines on receiving LoA for Project worth Rs 1,079.52 crore

Ashoka Buildcon is currently trading at Rs. 97.85, up by 2.95 points or 3.11% from its previous closing of Rs. 94.90 on the BSE.

The scrip opened at Rs. 97.50 and has touched a high and low of Rs. 98.75 and Rs. 96.05 respectively. So far 59082 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 5 has touched a 52 week high of Rs. 155.00 on 30-May-2019 and a 52 week low of Rs. 89.85 on 05-Sep-2019.

Last one week high and low of the scrip stood at Rs. 104.05 and Rs. 94.10 respectively. The current market cap of the company is Rs. 2664.06 crore.

The promoters holding in the company stood at 54.26%, while Institutions and Non-Institutions held 37.63% and 8.12% respectively.

Ashoka Buildcon has received Letter of Award (LoA) from Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) in respect of the Project viz. Development of Bundelkhand Expressway Project (Package-III): From Kaohari to BaroliKharka (Km 100 plus 000 to Km 149 plus 000) in the State of Uttar Pradesh on EPC Basis. The accepted bid value of the Project is Rs 1,079.52 crore.

Ashoka Buildcon builds and operates roads and bridges in India on a build, operate and transfer (BOT) basis. It currently operates one of the highest numbers of toll-based BOT projects in India.

Please share this news