Ashoka Buildcon bags NHAI road project of Rs1668.50 crore; Stock gains 2%

5 Dec 2022 , 12:35 PM

Ashoka Buildcon Limited has announced to the exchanges regarding receipt of Letter of Acceptance (LOA) for NHAI Project.

The Company”) informed that it had submitted its bid to National Highway Authority of India (NHAI) for the Project viz. ‘Request for proposal for Construction of 6 lane Elevated Corridor along with development of existing 4 lane road at ground level from Aroor to Thuravoor Thekku section of NH — 66 (from Km. 366+330 to Km. 379+082 of NH-66) (Length 12.752 Km) under Bharatmala Pariyojana in the State of Kerala on EPC mode (“Project”)

The Company has received Letter of Acceptance from NHAI.

The accepted Bid Project Cost for the Project is Rs1,668.50 crore, the company said in a filing.

At around 12:38 PM, Ashoka Buildcon Ltd is currently trading at Rs83.20 per share up by Rs1.75 or 2.15% from its previous closing of Rs81.45 per share on the BSE.

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