Ashoka Buildcon shines on emerging as lowest bidder for NHAI projects in Bihar

08 Sep 2020

Ashoka Buildcon is currently trading at Rs. 72.90, up by 4.70 points or 6.89% from its previous closing of Rs. 68.20 on the BSE.

The scrip opened at Rs. 70.40 and has touched a high and low of Rs. 73.45 and Rs. 70.00 respectively. So far 261032 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 127.90 on 23-Sep-2019 and a 52 week low of Rs. 37.00 on 03-Apr-2020.

Last one week high and low of the scrip stood at Rs. 73.45 and Rs. 67.90 respectively. The current market cap of the company is Rs. 2039.45 crore.

The promoters holding in the company stood at 54.48%, while Institutions and Non-Institutions held 33.34% and 12.18% respectively.

Ashoka Buildcon has been emerged as the lowest bidder (L-1) for National Highway Authority of India (NHAI) Projects i.e. Package I and Package II. The aggregate quoted value of both the projects is Rs 1,390 crore.  The company had submitted Bids to NHAI in respect of the Projects viz ‘Four laning of Arrah to Pararia section of NH-319(Old NH-30) from Km 0+000 to Km 54+530 (Design Chainage) in the State of Bihar under Bharatmala pariyojana Phase -1 on EPC Mode (Package-I); and for Four laning of Pararia to Mohania section of NH-319(Old NH-30) from Km 54+530 to Km 115+330 (Design Chainage) in the State of Bihar under Bharatmala Pariyojana Phase-I on EPC Mode (Package II).

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

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