Ashoka Buildcon said Tuesday the company's subsidiary Ashoka Concessions has received another tranche of investment of Rs 700 million. It will be utilized for equity investment into various under construction projects.

Ashoka Concessions has received total investment of Rs 6.93 billion till date.

Recently the company's SPV Ashoka Sambalpur Baragarh Tollway has received provisional completion certificate for its National Highway project.

Shares of the company declined Rs 1.45, or 1.09%, to trade at Rs 132.10. The total volume of shares traded was 12,946 at the BSE (1.43 p.m., Tuesday).