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18-Aug2016

Ashoka Buildcon trades in fine fettle on BSE

Ashoka Buildcon is currently trading at Rs 152.15, up by 1.60 points or 1.06% from its previous closing of Rs 150.55 on the BSE.

The scrip opened at Rs. 152.45 and has touched a high and low of Rs. 153.30 and Rs. 150.60 respectively. So far 3419 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 211.90 on 23-Dec-2015 and a 52 week low of Rs. 111.00 on 07-Apr-2016.

Last one week high and low of the scrip stood at Rs. 159.15 and Rs. 150.10 respectively. The current market cap of the company is Rs. 2847.47 crore.

The promoters holding in the company stood at 56.69%, while Institutions and Non-Institutions held 30.04% and 13.27% respectively.

Ashoka Buildcon has successfully achieved early completion of electrifying the villages of Munger district in Patna, Bihar. This project has once again underscored the Engineering, Procurement, and Construction (EPC) strength of the company. The electrification project is part of 'Deen Dayal Upadhyay Rural Electrification Scheme', where Ashoka Buildcon was given the contract of electrifying the villages of Munger district by the Bihar State Power (Holding) Co. The deadline for completion i.e August 20, 2016 was extremely challenging, yet the company was able to complete the task well before deadline. Out of the 27 districts, where projects are being executed by various contractors under this scheme, the Munger project in South Bihar is the first to be completed, that too ahead of schedule.

The scheme is very important for several such villages in Bihar that have never been electrified even after so many years of independence. With the completion of this Project, Munger district has been declared the first, fully electrified district in the state of Bihar.

Ashoka Buildcon builds and operates roads and bridges in India on a build, operate and transfer (BOT) basis. It currently operates one of the highest numbers of toll-based BOT projects in India.


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