Ashoka Buildcon announced that Ashoka Kandi Ramsanpalle Road, a wholly-owned subsidiary of the Company is in receipt of the letter from National Highways Authority of India dated 23 October 2020 for the approval for the achievement of Financial closure as on 05 October 2020 for the Project viz. Four laning of NH-161 from Kandi (Design Km 0.000) (Km 498.250 of NH-65) to Ramsanpalle (Design Km 39.980/Existing Km 44.757) (Design Length = 39.980 Km) in the State of Telangana under Bharatmala Pariyojna on Hybrid Annuity Mode, the company said.
The bid project cost is Rs1,000cr, it added.
Ashoka Buildcon Ltd ended at Rs63.45, up by Rs0.1 or 0.16% from its previous closing of Rs63.35 on the BSE.
The scrip opened at Rs63.45 and touched a high and low of Rs64.50 and Rs63.10 respectively.