Infrastructure major Ashoka Buildcon Ltd (ABL) has received Letters of Intent for new project orders worth Rs 949.88 crore from North and South Bihar Power Distribution Company Ltd.

According to a company filing, the scope of the projects include rural electrification works of Sitamarhi, West Champaran, Munger, Patna and Sasaram districts in Bihar under Deendayal Upadhyaya Gram Jyoti Yojana (DDUGJY).

Shares of the company surged more than 3% to touch Rs 155 on BSE after the news came in. At 12.43 pm, the Rs 5 face value shares were trading at Rs 150, up 2.39% from the previous closing of Rs 146.50.

Headquartered in Nashik, Ashoka Buildcon is one of India’s leading road infrastructure companies. It focuses on construction and maintenance of roads and supporting services to land support-operation of toll roads and others. The company operates through three segments namely construction and contract related activities, BOT projects, and sales of goods.

here is company details.

 

NOTE :You need to login first to access this feature.