ALSO READGovt to halve size of road monetisation contracts Good track for NHAI NHAI offering 12-13% IRR to concessionaire for first bundle of TOT highways Gayatri Projects hits 52-week high on order win of Rs 583 crore from NHAI Punj Lloyd up 14% as JV wins contract worth of Rs 1,177 crore from NHAI
The company’s bid was 1.5 times higher than the base price of Rs 62.6 billion. “The base price is a tentative price set by the NHAI. It is a reasonable price, as it will be split into debt and equity and the equity component would be financed from the $3 billion raised by MAIF-II (Macquarie Asia Infrastructure Fund-II),” Macquarie India Head Suresh Goyal told Business Standard. CLICK HERE TO READ FULL REPORT
Meanwhile, Ashoka Buildcon informed the stock exchanges that the Company's subsidiary Ashoka Concessions Limited ('ACL') had submitted its bid to NHAI for the project viz. six laning of Khairatunda to Barwa Adda Section of NH-2 from km. 360.300 to km. 400.132 in the State of Jharkhand under NHDP Phase-V on Hybrid Annuity Mode.
ACL emerged as 'the Lowest Bidder' at the financial bid opening meeting held on February 28, 2018 at New Delhi. The Company quoted bid project cost is Rs 8.6 billion.
At 09:44 am; the stock was trading at Rs 233, up 6.7% on the BSE, as compared to a marginal 0.03% rise in the S&P BSE Sensex. The trading volumes on the counter jumped multiple-folds with a combined 220,638 shares changed hands on the BSE and NSE so far.