Ashoka Buildcon receives LOAs for projects worth Rs1,390cr from NHAI

On Sensex, the company's stock settled at Rs70.45 per piece surging by 2.32%.

Sep 14, 2020 06:09 IST India Infoline News Service

Ashoka Buildcon, one of the leading highway developers in India, on Monday received Letters of Award (LOAs) from National Highway Authority of India (NHAI) on projects in Bihar. Overall, the project costs around Rs1,390cr.

These two projects as per the regulatory filing are: 

1. Proposal for Four laning of Arrah to Pararia section of NH-319(old NH-30) from Km 0+000 to Km 54+530 (Design Chainage) in the State of Bihar under Bharatmala Pariyojana Phase -1 on EPC Mode (Package-I). The accepted contract value of this project is Rs700cr.

2. Proposal for Four laning of Pararia to Mohania section of NH-319(old NH-30) from Km 54+530 to Km 115+330 (Design Chainage) in the State of Bihar under Bharatmala Parlyojana Phase-I on EPC Mode (Package II), Here, the accepted contract value stands at Rs690cr.

On Sensex, the company's stock settled at Rs70.45 per piece surging by 2.32%. 

Related Story