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Ashoka Buildcon arm lowest bidder for Rs 1,187-cr AP project

Press Trust of India  |  New Delhi 

Ashoka Buildcon today said its subsidiary has emerged as the lowest bidder for Rs 1,187.10 crore road project in

"The company's subsidiary Ashoka Concessions Ltd (ACL) had submitted its bid to National Authority of for six laning of Ranastalam to Anandpuram in Visakhapatnam (from km 6,34.000 to km 6,81.000) section of NH-5 {New NH-16} in the state of under Phase-V on Hybrid Annuity Mode Project," Ashoka Buildcon said in a filing.

It further said: "ACL emerged as the lowest bidder at the financial bid opening meeting. The bid project cost quoted by ACL is Rs 1,187.10 crore."

of Ashoka Buildcon were trading 5.86 per cent higher at Rs 197 on

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, March 16 2017. 12:22 IST