Ashoka Buildcon jumps on getting NOA for solar project on EPC Basis

21 Jan 2021

Ashoka Buildcon is currently trading at Rs. 95.15, up by 1.55 points or 1.66% from its previous closing of Rs. 93.60 on the BSE.

The scrip opened at Rs. 94.85 and has touched a high and low of Rs. 96.40 and Rs. 93.80 respectively. So far 81498 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 121.60 on 22-Jan-2020 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. 96.40 and Rs. 90.70 respectively. The current market cap of the company is Rs. 2647.22 crore.

The promoters holding in the company stood at 54.48%, while Institutions and Non-Institutions held 30.88% and 14.64% respectively.

Ashoka Buildcon has received NOA (Notification of Award) for solar project on EPC Basis. The company had submitted bids to NTPC Renewable Energy (NTPC) in respect of the project viz. EPC package of 150 Mw Solar PV Project in Rajasthan for which the company has received Notification of Award (NoA) which includes operation and maintenance of complete Solar PV Plant for a period of three years from the date of successful completion of trial run. The accepted Bid Value / Project Cost of the Project is Rs 502.33 crore exclusive of GST.

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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