Ashoka Buildcon gains on receiving letter of award worth Rs 494.50 crore from MSEDCL

25 Sep 2013 Evaluate

Ashoka Buildcon is currently trading at Rs. 47.10, up by 2.10 points or 4.67% from its previous closing of Rs. 45.00 on the BSE.

The scrip opened at Rs. 47.55 and has touched a high and low of Rs. 48.00 and Rs. 46.55 respectively.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 83.23 on 13-May-2013 and a 52 week low of Rs. 41.30 on 06-Aug-2013.

Last one week high and low of the scrip stood at Rs. 54.85 and Rs. 46.15 respectively. The current market cap of the company is Rs. 743.00 crore.

The promoters holding in the company stood at 67.52% while Institutions and Non-Institutions held 18.46% and 14.02% respectively.

Ashoka Buildcon has received letter of award worth Rs 494.50 crore from Maharashtra State Electricity Distribution Company (MSEDCL). Of the total amount, order worth Rs 115.27 crore is for Tender number T-8 for Kedgaon division, Baramati, Rs 117.79 crore worth of contract is for Tender number T-10 for Baramati division, Baramati, Rs 106.24 crore worth of order is for Tender number T-11 for Solapur (R) division, Baramati and order worth Rs 155.20 crore is for Tender number T-13 for Barshi division, Baramati.

Earlier on August 6, 2013, the company had emerged as the lowest bidder for the turnkey contracts for electrification work for Mahavitaran Infrastructure plan Phase-II aggregating to Rs 494.50 crore from MSEDCL.

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

81.45 0.35 (0.43%)
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