Ashoka Buildcon gains on bagging LoI for residential project

12 Aug 2022 , 10:37 AM

The company had submitted its bid to Provident Housing for a project entailing civil and structural finishes work for Provident Palmvista Residential Project at Kalyan. The company has received letter of intent from Provident. The accepted contract price for the project is Rs 254.50 crore. The construction period is 42 months from the commencement date. Ashoka Buildcon is engaged in the construction & maintenance of roads and supporting services to land support-operation of toll roads. On a consolidated basis, net profit of Ashoka Buildcon rose 67.73% to Rs 134.55 crore on 46.40% rise in net sales to Rs 1878.56 crore in Q1 June 2022 over Q1 June 2021. Powered by Capital Market – Live News