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
26 September, 2017 23:40 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
Company Update
GE Shipping takes delivery of secondhand medium gas carrier - 26-Sep-2017 11:37
Infosys accelerates private cloud adoption with OpenStack solution - 26-Sep-2017 10:09
SBI revises service charges on maintaining monthly average balance - 26-Sep-2017 10:04
Vivimed Labs inks pacts to facilitate investment of USD 42.5 mn - 26-Sep-2017 09:56
Gayatri Projects' JV bags order worth Rs 14.83 bn - 25-Sep-2017 15:15
Lupin receives USFDA approval for generic Clobex lotion - 25-Sep-2017 14:53
Suven Life Sciences secures product patents in India, Japan - 25-Sep-2017 12:10
Infosys' arm enters into partnership with ToneTag - 22-Sep-2017 15:25
REC gets nod to incorporate 5 project specific SPVs as WOS - 22-Sep-2017 11:51
KNR Constructions' JV bags order worth Rs 8.84 bn - 22-Sep-2017 10:09
Cox & Kings owned Meininger Hotels inks pact with Swiss developer - 22-Sep-2017 10:05
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