Ashoka Buildcon receives LoA for road project in Assam

The accepted Price of the project is Rs282.11cr excluding applicable GST, the company said.

Sep 14, 2021 04:09 IST India Infoline News Service

Ashoka Buildcon on Monday has received a letter of acceptance from the National Highways & Infrastructure Development Corporation (NHIDCL)

In the regulatory filing, “In continuation to the announcement made on September 09, 2021, Ashoka Buildcon Limited ('the Company') updates that the Company has received Letter of Acceptance from National Highways & Infrastructure Development Corporation Limited ('NHIDCL') in respect of the Project viz. 'Request for Proposal for Widening/Improvement to 4 (Four) Lane with Paved Shoulder from KM 113+300 to Km 146+250 (Design Chainage 113+830 to 145+712) of Kwaram Taro Village - Dillai Section (Package-6) of NH 29 in the state of Assam on EPC mode'. (Project)”

The accepted Price of the project is Rs282.11cr excluding applicable GST, the company said.

The stock at ended Rs102.30 down by Rs1.15 or 1.11% from its previous closing of Rs103.45 on the BSE. The scrip opened at Rs104.80 and has touched a high and low of Rs104.80 and Rs102 respectively.

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