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Ashoka Buildcon surges as its arm refinances debt of Rs 552 crore with SBI

11 Dec 2015 Evaluate

Ashoka Buildcon is currently trading at Rs. 194.30, up by 4.15 points or 2.18% from its previous closing of Rs. 190.15 on the BSE.

The scrip opened at Rs. 191.20 and has touched a high and low of Rs. 194.30 and Rs. 191.20 respectively. So far 2367 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 205.40 on 15-Apr-2015 and a 52 week low of Rs. 124.00 on 17-Dec-2014.

Last one week high and low of the scrip stood at Rs. 200.75 and Rs. 187.15 respectively. The current market cap of the company is Rs. 3621.16 crore.

The promoters holding in the company stood at 57.23% while Institutions and Non-Institutions held 29.68% and 13.08% respectively.

Jaora-Nayagaon Toll Road Company (JTCL), one of the Associates Company of Ashoka Buildcon has completed refinancing of its debt of Rs 552 crore with State Bank of India (SBI). After refinancing the interest cost has been reduced to 9.80% p.a. resulting in a saving of 1.50% p.a.

Further, JTCL executes the Project viz. to carry on the business of Design, Construction, Finance, Strengthening, Widening, Operation and Maintenance on BOT basis for the Four Laning of Jaora - Nayagaon section from Km. 126/200 to 252/200 of State Highway - 31 in the State of Madhya Pradesh.

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.

 

Ashoka Buildcon Share Price

138.95 1.15 (0.83%)
17-Apr-2026 16:59 View Price Chart
Peers
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