Ashoka Buildcon jumps on emerging as L-1 for two projects in West Bengal
Ashoka Buildcon is currently trading at Rs. 234.90, up by 5.95 points or 2.60% from its previous closing of Rs. 228.95 on the BSE.
The scrip opened at Rs. 235.95 and has touched a high and low of Rs. 242.00 and Rs. 233.50 respectively. So far 239591 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 284.75 on 06-Sep-2024 and a 52 week low of Rs. 130.95 on 21-Dec-2023.
Last one week high and low of the scrip stood at Rs. 244.45 and Rs. 223.55 respectively. The current market cap of the company is Rs. 6620.86 crore.
The promoters holding in the company stood at 54.48%, while Institutions and Non-Institutions held 25.75% and 19.78% respectively.
Ashoka Buildcon has been declared as the Lowest Bidder (L-1) from National Highways Authority of India (NHAI) for Development of 4 lane Economic Corridor from Kharagpur to ChandrakonaGhatal Road Crossing section Km 0.000 to Km 41.000 of NH 116A (Package-I) in the state of West Bengal under Hybrid Annuity Mode. The quoted Bid Price for the Project is Rs 1400 crore excluding GST.
The company has been also declared as the Lowest Bidder from National Highways Authority of India (NHAI) for Development of 4 lane Economic Corridor from Bowaichandi to GuskaraKatwa Road Section Km 89.814 to Km 133.000 of NH 116A (Package-3) in the state of West Bengal under Hybrid Annuity Mode. The quoted Bid Price for the Project is Rs 1391 crore excluding GST.
Ashoka Buildcon builds and operates roads and bridges in India on a build, operate and transfer (BOT) basis.
