Ashoka Buildcon has received a Letter from National Highways Authority of India (NHAI) regarding the achievement of Financial Closure and Appointed Date as March 15, 2017 for Kharar to Ludhiana section project. The project is being implemented by Ashoka Kharar Ludhiana Road, a wholly owned subsidiary of Ashoka Concessions, a subsidiary of the company.

The project is for 4/6 laning of Kharar to Ludhiana section of NH-95 (new NH-05) from Kharar km. 10+185 (design chainage) to Samrala Chowk, Ludhiana km. 86+199 (design chainage) in the state of Punjab on Hybrid Annuity Mode.

Shares of the company declined Rs 2.2, or 1.15%, to trade at Rs 189.90. The total volume of shares traded was 14,084 at the BSE (12.54 p.m., Wednesday).