Ashoka Buildcon climbs over a per cent on receiving new orders

The company announced on Monday after the market hours that it has received a new letter of acceptance (LoA) from the government.  

Ashoka Buildcon has received a new LoA from National Highways Authority of India (NHAI) for the development of a six-lane road in the state of Punjab. The road construction is to be carried between Memmadpur (Ambala) - Banur (IT City Chowk) — Kharar (Chandigarh) Corridor under the scheme of Bharatmala Pariyojana Package- II. It would be a six-lane road on EPC contract mode. The total road length to be constructed will be 31.23 km while the order size of the project stands at Rs 726 crore.   

Ashoka Buildcon Limited is an India-based infrastructure development company. The company is engaged in construction & maintenance of roads along with supporting services to land support-operation of toll roads and others.   

At 11.01 am on Tuesday, the share price of the company was trading 1.12 per cent higher at Rs 113.00 on BSE.  

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