Ashoka Buildcon jumps on receiving LoA from NHAI

15 Sep 2020

Ashoka Buildcon is currently trading at Rs. 71.55, up by 1.10 points or 1.56% from its previous closing of Rs. 70.45 on the BSE.

The scrip opened at Rs. 71.80 and has touched a high and low of Rs. 72.60 and Rs. 70.90 respectively. So far 30279 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. 72.60 and Rs. 68.00 respectively. The current market cap of the company is Rs. 2008.57 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 received Letters of Award (LOA) from National Highway Authority of India (NHAI) for four laning of Arrah to Pararia section of NH-319(old NH-30) from Km 0 plus 000 to Km 54 plus 530 (Design Chainage) in the State of Bihar under Bharatmala Pariyojana Phase -1 on EPC Mode (Package-I), the accepted Contract Value for which is Rs 700 crore and for four laning of Pararia to Mohania section of NH-319(Old NH-30) from Km 54 plus 530 to Km 115 plus 330 (Design Chainage) in the State of Bihar under Bharatmala Parlyojana Phase-I on EPC Mode (Package II), the accepted Contract Value for which is Rs 690 crore. The aggregate accepted Contract Value of both the Projects is Rs 1,390 crore.

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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