Ashoka Buildcon Surges After It Emerges As Lowest Bidder For Two Highway Projects – Shares of the Mumbai-based road developer rose as much as 14 percent, the most in over two years, to Rs 265 after it emerged as the lowest bidder for two highway projects valued at Rs 447.51 crore.
The company bagged orders for up-gradation of Jalgaon-Bhadgaon section and upgradation of Bhadgaon-Chalisgaon section of NH 753J. Both the orders will be executed on the EPC mode, Ashoka Buildcon said in an exchange filing.
