Ashoka Buildcon soars as its SPV gets provisional completion certificate for National Highway project

01 Oct 2014

Ashoka Buildcon is currently trading at Rs. 137.00, up by 2.90 points or 2.16% from its previous closing of Rs. 134.10 on the BSE.

The scrip opened at Rs. 136.70 and has touched a high and low of Rs. 137.00 and Rs. 133.00 respectively. So far 2540 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 158.85 on 18-Jul-2014 and a 52 week low of Rs. 42.15 on 29-Oct-2013.

Last one week high and low of the scrip stood at Rs. 140.75 and Rs. 127.10 respectively. The current market cap of the company is Rs. 2117.68 crore.

The promoters holding in the company stood at 67.53% while Institutions and Non-Institutions held 17.15% and 15.33% respectively.

Ashoka Buildcon’s SPVs -- Ashoka Sambalpur Baragarh Tollway -- has received provisional completion certificate for its National Highway project viz. Four Laning of Sambalpur-Baragarh-Orissa/Chattisgarh Border Section of NH-6 KM 0.00 to KM 88.00 (Length 88.00 KM) in the State of Orissa to be executed on BOT (Toll) Project on DBFOT pattern under NHDP Phase III, and the Toll Collection has commenced from midnight (00.00 hours) October 01, 2014 (for 73.30 km length of project highway). The total concession period is 30 years including Construction Period of 30 months.

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.


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