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Ashoka Buildcon gains on receiving LoA for developing land parcels in Mumbai

Ashoka Buildcon Ltd. | Engineering - Construction | Construction & Infrastructure | BSE: 533271 | NSE: ASHOKA

07 Apr 2017 Evaluate

Ashoka Buildcon is currently trading at Rs. 211.95, up by 0.95 points or 0.45% from its previous closing of Rs. 211.00 on the BSE.

The scrip opened at Rs. 209.00 and has touched a high and low of Rs. 231.55 and Rs. 209.00 respectively. So far 135450 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 231.55 on 07-Apr-2017 and a 52 week low of Rs. 111.00 on 07-Apr-2016.

Last one week high and low of the scrip stood at Rs. 231.55 and Rs. 188.00 respectively. The current market cap of the company is Rs. 4015.28 crore.

The promoters holding in the company stood at 56.69%, while institutions and non-institutions held 31.73% and 11.59% respectively.

Ashoka Buildcon has received Letter of Award (LoA) from Mumbai International Airport (MIAL) and the LoA has been accepted by the company. The company will be developing the land parcels located at NS-C02 and NS-C03 in CTS No. 145-A (Part) of Village Sahar (GVK SKY City Project) located near existing Chhatrapati Shivaji International Airport, Mumbai for development of commercial / office space of Potential Built up area of 108,494 square meters (1.17 million square feet) for an aggregate lease period of 49 years.

The company will make payment of Refundable Security Deposit amounting to Rs 329.35 crore and Annual Lease Rental of Rs 15.24 crore to MIAL with an escalation of 15% every 3 years.

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

133.25 -2.60 (-1.91%)

24-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
Larsen & Toubro	4013.95
Rail Vikas Nigam	303.35
NCC	162.00
KEC International	575.55
Kalpataru Projects	1241.35
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Ashoka Buildcon gains on receiving LoA for developing land parcels in Mumbai

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