Ashoka Buildcon bags project worth Rs. 283 cr.

Ashoka Buildcon Ltd. has bagged a Rs. 282.73-crore project from Jharkhand Bijli Vitran Nigam Ltd. for urban electrification works in Jharkhand.

“The company is in receipt of Letters of Intent from Jharkhand Bijli Vitran Nigam Ltd. (JBVNL) for the projects viz. execution of urban electrification works for Ranchi and Medininagar towns in the state of Jharkhand and electric supply area covering 12 towns in Jharkhand under Integrated Power Development Scheme (IPDS),” Ashoka Buildcon said in a BSE filing recently.

IPDS is the flagship programme of the Government of India, Ministry of Power, and funded by Power Finance Corporation.

The company further said: “The aggregate value of the work is Rs. 282.73 crore.”

The company is a leading highway developer in the country with a portfolio of over 28 public private partnership projects.

Shares of Ashoka Buildcon were trading 2.43 per cent higher at Rs. 212.90 on the BSE.

HBL