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Ashoka Buildcon shines as its arm receives LoA from NHAI

23 Dec 2015

Ashoka Buildcon is currently trading at Rs. 207.40, up by 7.10 points or 3.54% from its previous closing of Rs. 200.30 on the BSE.

The scrip opened at Rs. 207.00 and has touched a high and low of Rs. 211.90 and Rs. 206.00 respectively. So far 35288 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 211.90 on 15-Apr-2015 and a 52 week low of Rs. 132.80 on 06-Feb-2015.

Last one week high and low of the scrip stood at Rs. 211.90 and Rs. 192.90 respectively. The current market cap of the company is Rs. 3890.82 crore.

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

Ashoka Buildcon’s subsidiary Ashoka Concessions has received Letter of Acceptance (LoA) for the Project -- Engagement of User Fee Collection Agency on the Basis of Competitive Bidding (e-tender) for Kognoli Toll Plaza located at Km 591.240 for the section from Km. 537.000 to Km. 592.240) Belgaum to Karnataka /Maharashtra Border Section) on NH - 4 in the State of Karnataka from National Highways Authority of India (NHAI). The estimated value of the contract is Rs 48.96 crore. Ashoka Concessions has been engaged by NHAI to collect user fee for a period of one (1) year.

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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