Ashoka Buildcon announced that the company has emerged as the lowest bidder at the bid opening meeting held on May 29, 2014, at the office of South Bihar Power Distribution Co., at Patna. The cost of the project is Rs 2.91 billion.
The company emerged as lowest bidder for the project viz. composite tender for Rural Electrification works under Rajiv Gandhi Grameen Vidyutikaran Yojana (RGGVY) in XIIth Plan and strengthening of Distribution Network under Special Plan (BRGF) for Munger District, Bihar.
Shares of the company gained Rs 5.5, or 4.15%, to trade at Rs 137.95. The total volume of shares traded was 34,176 at the BSE (12.43 p.m., Friday).