Ashoka Buildcon rises on emerging as lowest bidder for NHAI project
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Ashoka Buildcon is currently trading at Rs. 87.00, up by 0.80 points or 0.93% from its previous closing of Rs. 86.20 on the BSE.
The scrip opened at Rs. 86.70 and has touched a high and low of Rs. 88.00 and Rs. 86.70 respectively. So far 60462 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 125.00 on 26-Oct-2021 and a 52 week low of Rs. 78.40 on 06-May-2021.
Last one week high and low of the scrip stood at Rs. 91.00 and Rs. 86.00 respectively. The current market cap of the company is Rs. 2445.10 crore.
The promoters holding in the company stood at 54.48%, while Institutions and Non-Institutions held 24.27% and 21.25% respectively.
Ashoka Buildcon has emerged as the Lowest Bidder at Financial Bid Opening dated March 29, 2022 for National Highways Authority of India (NHAI) project of 'Development of 6 lane Access Controlled Greenfield highway from KM 162.500 to KM 203.100, Baswantpur to Singondi Section of NH 150 C (Package 4 of Akkalkot KNT of TS Border) on Hybrid Annuity Mode (HAM) under Bharatmala Pariyojana'. The quoted Bid project cost for the project is Rs 1,079 crore. The construction period is 912 days from the appointed date.
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.
