Ashoka Buildcon Limited has received a Letter of Award (LoA) from the National Highways Authority of India (NHAI) for a road project in Karnataka. The accepted Bid Price of the Project is Rs829.49cr.
“The company has received LoA for the Bid submitted to the NHAI in respect of the Project viz. ‘Construction of 6 laning from Belgaum to Sankeshwar Bypass from Km. 515+000 to Km. 555+01 of NH-48 in the State of Karnataka on EPC mode under Bharatmala Pariyojana (Package-I),” the company said in a filing on Monday.
Towards close of trade on Monday, Ashoka Buildcon Ltd was trading at Rs93.75 per share down by Rs4.35 or 4.43% from its previous closing of Rs98.10 per share on the BSE.
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