Ashoka Buildcon climbs by over 7%

India Infoline News Service | Mumbai | September 11, 2017 14:20 IST

Ashoka Buildcon announced that the company Public Works Department (PWD) of Maharashtra has given an extension in concession period by one year i.e up to September 9, 2018 for its project.

The share of Ashoka Buildcon jumped to 7.14% at Rs 200 per share on BSE at 1336 hours. It opened at Rs 189.80 per share. The stock touched its intraday high and low at Rs 201.20 per share and Rs 189.75 per share, respectively.
 
Ashoka Buildcon announced that the company Public Works Department (PWD) of Maharashtra has given an extension in concession period by one year i.e up to September 9, 2018 for its project. The project involves four-laning of long road sections from Ahmednagar to Ghodegaon and three-laning from Ghodegaon to Wadala under Build-Operate-Transfer (BOT) basis on state highway 60.
 
The toll revenue for the Q1FY18 of the project is Rs 6.44 crore.
 
The stock has attracted a total traded volume of 5,08,928 shares and traded value of 1,002 lakh on NSE at 1347 hours. Its 52-week high stood at Rs 230.90 as on April 07, 2-17 and 52-week low was at Rs 130.10 as on November 09, 2016.
 
Ashoka Buildcon Limited is an India-based infrastructure development company. The company is engaged in construction and maintenance of roads, and supporting services to land support-operation of toll roads and others. 

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