Ashoka Buildcon executes contract agreement for project in Guyana; Stock surges ~1.5%

27 Jun 2022 , 11:51 AM

Ashoka Buildcon Limited has informed to the exchanges that the Company has executed a Contract Agreement with Government of the co-operative Republic of Guyana on June 24, 2022, for the Project viz. ‘Request for Proposal for Procurement of Phase 1: East Bank-East Coast Road Linkage Project (Ogle to Haags Bosch, Eccles)’.

“The accepted Bid Project Cost for the Project is USD 106,383,954.52”, the company said in a regulatory filing.

Further, the Construction period is 730 days from the commencement date.

At around 11:54 AM, Ashoka Buildcon was currently trading at Rs73 per share up by Rs1.05 or 1.46% from its previous closing of Rs71.95 per share on the BSE.

The scrip opened at Rs74.50 and has touched a high and low of Rs74.90 and Rs72.95 respectively so far today. The current market cap of the company is Rs2,019.80cr.