Ashoka Buildcon jumps on emerging as lowest bidder for Bihar project
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Ashoka Buildcon is currently trading at Rs. 89.50, up by 3.35 points or 3.89% from its previous closing of Rs. 86.15 on the BSE.
The scrip opened at Rs. 88.55 and has touched a high and low of Rs. 90.90 and Rs. 87.50 respectively. So far 115581 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 106.75 on 13-Jan-2022 and a 52 week low of Rs. 69.00 on 25-May-2022.
Last one week high and low of the scrip stood at Rs. 91.80 and Rs. 85.45 respectively. The current market cap of the company is Rs. 2541.95 crore.
The promoters holding in the company stood at 54.48%, while Institutions and Non-Institutions held 21.03% and 24.48% respectively.
Ashoka Buildcon has emerged as the Lowest Bidder (L-1) for National Highway Authority of India (NHAI) for the Project viz. ‘Request for proposal for Construction of Four Lane Elevated Corridor and at- grade improvements from Design Ch:0+000 to Design Ch: 19+870 of Danapur - Bihta Section with providing connectivity to the existing RoB near Danapur station (0.231 km), 1.35 Km ramps & at-grade improvements to Four lane section on Danapur side and Upgradation of existing Two lane carriageway to Four Lane carriageway from Design Ch:19+870 to Design Ch:23+500 of Bihta - Koilwar section (Total Length 25.081 Kms) in the state of Bihar on EPC Mode (Project). The Bid Value of the project is Rs 2,161.00 crore.
Ashoka Buildcon builds and operates roads and bridges in India on a build, operate and transfer (BOT) basis.
