L-1 bidder tag boosts Ashoka Buildcon
Ashoka Buildcon rose 3.23% to Rs 70.40 after the company emerged as the Lowest Bidder (L-1) for two road construction projects from NHAI.
Shares of Ashoka Buildcon had declined 3.26% in prior two trading sessions.
Ashoka Buildcon before market hours today informed that it has emerged as the Lowest Bidder (L-1) for two road construction projects from NHAI. The projects consist of four laning of Arrah to Pararia section of NH-319 in Bihar and Pararia to Mohania section of NH-319 in Bihar on EPC mode. Both projects come under Bharatmala Pariyojana Phase-1.
Ashoka Buildcon said the aggregate quoted value of both the projects is Rs 1390 crore.
Ashoka Buildcon is engaged in construction & maintenance of roads and supporting services to land support-operation of toll roads.
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First Published: Sep 08 2020 | 9:15 AM IST