Ashoka Buildcon surges on emerging as lowest bidder for Rail Vikas Nigam

05 Mar 2019

Ashoka Buildcon is currently trading at Rs. 126.50, up by 5.35 points or 4.42% from its previous closing of Rs. 121.15 on the BSE.

The scrip opened at Rs. 122.35 and has touched a high and low of Rs. 127.00 and Rs. 121.45 respectively. So far 8129 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 196.73 on 30-Apr-2018 and a 52 week low of Rs. 93.15 on 01-Oct-2018.

Last one week high and low of the scrip stood at Rs. 127.70 and Rs. 112.80 respectively. The current market cap of the company is Rs. 3521.67 crore.

The promoters holding in the company stood at 54.26%, while Institutions and Non-Institutions held 35.72% and 10.02% respectively.

Ashoka Buildcon has emerged as the Lowest Bidder (L-1) for Rail Vikas Nigam (RVNL). The Quoted Value for the project is Rs 443.23 crore, with a completion period of 36 months for Package.

The company had submitted Bid to Rail Vikas Nigam in Joint Venture with Stroytech Services LLC, wherein the Company is a Lead Member, for the Project viz. ‘Construction of Roadbed, minor bridges, supply of ballast, installation of track (excluding supply of rails & PSC sleepers & thick web switches), Electrical (Railway Electrification and General Electrification), Signalling and Telecommunication works for doubling of track between Kakrala Halt (excluding) and Hadiaya (including) from km 57.50 to 115.64 in Ambala Division of Northern Railway, Punjab, India,’ in the State of Punjab (Project).

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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Ashoka Buildcon Share Price

79.00 0.40 (0.51%) May 07, 15:23
1 Year Price Chart
Company Name CMP
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Rail Vikas Nigam 28.15
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PNC Infratech 222.50
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