Ashoka Buildcon, engaged in building and operating road and bridge projects, witnessed a rise in share price on Monday after the company has received Letter of Award (LoA) from National Highways Authority of India (NHAI) for worth Rs 2.77 billion.

The project viz. development of 4-lane Islampur Bypass of 10.31 km Length from km 0+000 (Ex.Ch. km 498+500) to km10+310 (Ex. Ch. Km506+950) on NH-31 in the State of West Bengal under NHDP Phase-ll on EPC Basis.

Shares of Ashoka Buildcon are trading at Rs 166.75, up Rs 2.30, or 1.40% at the Bombay Stock Exchange (BSE) on Monday at 9:51 a.m.