The work was awarded to the company in the year 1999 with concession period of 16 years and 9 months including construction period of 3.5 years.
Meanwhile on bourses, the stock gained 1.89% at Rs 197 per share on BSE at 1522 hours. The stock on NSE attracted a total traded quantity of 3,32,647 shares and a traded value of Rs 660.90 lakh.
The company has been maintaining a dividend payout ratio of 45.38%.
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. The Company operates through three segments: Construction and Contract related activities.