Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
23 February, 2018 15:27 IST
Ashoka Buildcon gets extension in concession period from PWD
Source: IRIS | 11 Sep, 2017, 02.59PM
Comments  |  Post Comment

Ashoka Buildcon has got an extension in Concession Period by one year i.e. up to September 9, 2018 from Public Works Dept. of the State of Maharashtra (PWD) for its Project viz. four laning of long road sections from Ahmednagar to Ghodegaon and three laning from Ghodegaon to Wadala under Build-Operate-Transfer (BOT) basis on State Highway 60 (Project).

The toll notification is issued under the approved variation order by the State Government of Maharashtra. The total revenue for Q1 FY18 of the project is Rs 64.4 million.

The Nashik-based company is among the league of small companies that are making it big in the highway sector, which has seen a high number of toll-based build-operate-transfer projects in the past.

Shares of the company gained Rs 8.6, or 4.6%, to trade at Rs 195.60. The total volume of shares traded was 63,399 at the BSE (2.49 p.m., Monday).



Ashoka Buildcon Limited   (Q,N,C,F)*

Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Sector
MCX enhances maximum compensation limit to Rs 2.5 mn - 23-Feb-2018 10:31
Dilip Buildcon secures project worth Rs 1.57 bn - 23-Feb-2018 10:17
Reliance Infra wins EPC contract worth Rs 36.47 bn - 23-Feb-2018 10:04
Asset quality improves in microfinance, DeMo blues fade: Crisil - 23-Feb-2018 09:41
Larsen & Toubro bags orders worth Rs 12.66 bn - 23-Feb-2018 09:33
Vascon Engineers inks deal with Lina Ashar Foundation - 22-Feb-2018 13:15
Tata Comm partners with Taiwan's Chunghwa Telecom - 22-Feb-2018 10:57
Godrej Properties adds new residential project in Gurgaon - 22-Feb-2018 10:22
Indian Hume Pipe Co secures work order worth Rs 1.35 bn - 22-Feb-2018 10:15
Glenmark Pharma enters into collaboration with SDC Pharma - 22-Feb-2018 09:39
IRIS Business Services partners with CIPC, South Africa - 22-Feb-2018 09:28
more...
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer