Ashoka Buildcon gains 5% on projects win worth Rs 447 crore

Shares of Ashoka Buildcon gained 5 percent intraday Monday as as company received letters of award from MoRT&H.

The company received letters of award (LOAs) from Ministry of Road Transport & Highway (MoRT&H) through Public Works Department, National Highway (P.W.D), Maharashtra on EPC mode.

The projects include up-gradation of Jalgaon - Bhadgaon ( section I) of NH 753J to two lane with paved shoulders and up-gradation of Bhadgaon - Chalisgaon (section II) of NH 753J in the state of Maharashtra on EPC mode.

The accepted bid value of the project is Rs 447.51 crore.

At 10:43 hrs Ashoka Buildcon was quoting at Rs 257.30, up Rs 11, or 4.47 percent.