Ashoka Buildcon has received a Letter of Award (LoA) from Maharashtra State Electricity Distribution Company (MSEDCL) worth Rs 1.02 billion.

This is for supply, test, transport, construction, erection, testing and commissioning of the works under tender no. CE (lnfra)/lnfra Part ll/Phase-D/T-77/ LOA, Tender No. T-77 in Buldhana Circle of Amarawati Zone, Akola for Turnkey contract.

Shares of the company gained Rs 1.35, or 0.96%, to trade at Rs 142.50. The total volume of shares traded was 40,995 at the BSE (12.52 p.m., Monday).