Ashoka Buildcon receives LOA for Project worth US $106.38 million

7 Jun 2022 , 12:27 PM

Ashoka Buildcon Limited informed that the Company had submitted its bid to the Government of the Cooperative Republic of Guyana. In regard to that, the company has received a Letter of Acceptance (LOA) from the Authority for the Project.

The Government called for bids as ‘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 $106.38 million (approx. Rs826.60 crore).

The company further stated that the Construction period is 730 days from the date of commencement of the project.

Ashoka Buildcon is currently trading at Rs86.05 down by Rs0.05 or 0.06% from its previous closing of Rs86.10 on the BSE. The scrip opened at Rs86.25 and has touched intraday high and low of Rs87.45 and Rs84.55 respectively.