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Ashoka Buildcon receives declaration date for NHAI project

The construction period of the project is 910 days from the appointed date, and the operation period is 15 years from the Commercial Operation Date (COD).
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Ashoka Buildcon in its filing to the exchanges stated that its subsidiary Ashoka Ankleshwar Manubar Expressway Private Limited has been informed that December 10 is its appointed date for the NHAI Project.

"The accepted bid project cost is Rs1,687cr. The construction period of the project is 910 days from the appointed date, and the operation period is 15 years from the Commercial Operation Date (COD)," the company added.

The scope of work includes the construction of the eight-laning of  Vadodara Kim Expressway from 279km to 292km (Ankleshwar to Manubar Section of Vadodara Mumbai Expressway) in the State of Gujarat under NHDP Phase-VI on Hybrid Annuity mode (Phase IA-Package IV), the company added.  

Ashoka Buildcon Ltd's share price is currently at Rs130.80, down by Rs3.5 or 2.61%, from its previous close of Rs134.30 on the BSE.

The scrip opened at Rs133.15 and has touched a high and low of Rs134.20 and Rs130.05, respectively. So far, 4,33,649 (NSE+BSE) shares have been traded on the counter. The current market cap of the company is Rs3,770.11cr.


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