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22 March, 2018 19:41 IST
Ashoka Buildcon gets extension in concession period from PWD
Source: IRIS | 11 Sep, 2017, 02.59PM
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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)*

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