Ashoka Buildcon spurts on receiving LoA from CSPDCL

22 Oct 2013

Ashoka Buildcon is currently trading at Rs 47.60, up by 1.80 points or 3.93% from its previous closing of Rs 45.80 on the BSE.

The scrip opened at Rs 45.90 and has touched a high and low of Rs 48.00 and Rs 45.90 respectively. So far 1900 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 83.32 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 47.00 and Rs 43.00 respectively. The current market cap of the company is Rs 738.43 crore.

The promoters holding in the company stood at 67.58% while Institutions and Non-Institutions held 18.32% and 14.10% respectively.

Ashoka Buildcon has received Letters of Acceptance (LoA) from Chhattisgarh State Power Distribution Company (CSPDCL) for contracts aggregating Rs 32.07 crore. The company has received LoA for contracts with respect to Tender No: Akt-01, Akt-03 and Akt-04 amounting Rs 9.5 crore, Rs 11.16 crore and Rs 11.38 crore respectively.

The company had earlier on August 08, 2013 emerged as the lowest bidder for the above mentioned works for HVDS scheme under O & M Division Akaltara in the state of Chhattisgarh, aggregating Rs. 47.04 crore from CSPDCL.

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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