Ashoka Buildcon rises as its arm executes concession agreement with NHAI

15 Mar 2012

Ashoka Buildcon is currently trading at Rs. 193.00, up by 1.00 points or 0.52% from its previous closing of Rs. 192.00 on the BSE.

The scrip opened at Rs. 192.50 and has touched a high and low of Rs. 193.00 and Rs. 192.00 respectively.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 307.70 on 25-Mar-2011 and a 52 week low of Rs. 180.00 on 10-Jan-2012.

Last one week high and low of the scrip stood at Rs. 202.80 and Rs. 192.00 respectively. The current market cap of the company is Rs. 1013.47 crore.

The promoters holding in the company stood at 67.23% while Institutions and Non-Institutions held 18.52% and 14.24% respectively. 

Ashoka Buildcon’s subsidiary -- Ashoka Cuttack Angul Tollway -- has executed a concession agreement with National Highways Authority of India (NHAI) on March 14, 2012, for the project viz. to carry on the business of designing, building, financing, operation and maintenance rehabilitation and up-gradation of four laning of Cuttack - Angul Section of NH-42 from km 0.000 to km 112.000 in the state of Orissa under NHDP Phase II to be executed as BOT (Toll) on DBFOT Pattern.

Earlier in February, the company started toll collection, for its NHAI project of construction, operation and maintenance of end of durg bypass - Chattisgarh / Maharashtra Border Section from km 322.400 to km 405.000 of NH-6 in the state of Chattisgarh under NHDP phase IIIA on build, operate and transfer (BOT) basis.

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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