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Ashoka Buildcon surges 8% after Co emerges lowest bidder for NHAI projects

The company has emerged as the lowest bidder for two National Highways Authority of India (NHAI) projects with an aggregate quoted value of Rs 1,390 crore in Bihar under Bharatmala Pariyojana.

Contractors will now be given funds every month, rather than on the basis of the milestone achieved

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The company’s order book stands at Rs 8,981 crore.

3 min read Last Updated : Sep 08 2020 | 10:29 AM IST

Shares of Ashoka Buildcon surged 8 per cent to Rs 73.45 in the early morning trade on the BSE on Tuesday after the company emerged as the lowest bidder for two National Highways Authority of India (NHAI) projects with an aggregate quoted value of Rs 1,390 crore in Bihar under Bharatmala Pariyojana.

The company, which is engaged in the construction of roads and highway projects, said the first project comprises a proposal for the four laning of Arrah to Pararia section of NH-319(Old NH-30) from Km 0+000 to Km 54+530 (Design Chainage) in Bihar under Bharatmala Pariyojana phase -1 on

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