Ashoka Buildcon hits 1-year high on project win from NHAI
Share price of Ashoka Buildcon touched 52-week high of Rs 199.65, rises more than 7 percent intraday Thursday as it has won NHAI project.
"The company's subsidiary Ashoka Concessions emerged as the lowest bidder for National Highways Authority of India (NHAI) project of six laning from Ranastalam to Anandpuram (Visakhapatnam) section of NH-5 (New NH- 16) in the state of Andhra Pradesh under NHDP Phase - V (Package II) on hybrid annuity mode," as per company release.
The bid project cost quoted by the subsidiary is Rs 1,187.10 crore.
At 11:46 hrs Ashoka Buildcon was quoting at Rs 196.55, up Rs 10.45, or 5.62 percent on the BSE.Posted by Rakesh Patil