Ashoka Buildcon trades 2% higher on receiving LOA from UPEIDA

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Ashoka Buildcon informed the exchanges on Thursday that it has received a Letter of Award (LOA) from Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) in respect of the project viz. development of Bundelkhand Expressway Project (Package-Ill).

The development will be from Kaohari (Dist. Mahoba) to BaroliKharka (Dist. Hamirpur) (Km 100+000 to Km 149+000) in the State of Uttar Pradesh on EPC Basis.

The accepted bid value of the project is Rs1,079.52cr.

Shares of the Ashoka Buildcon were trading higher by over 2% in early trade.

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