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Ashoka Buildcon bags LoA for ₹865 crore Vadodara-Mumbai Expressway project

Reported by: CNBC TV18 ·

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Ashoka Buildcon

Summary

CNBC TV18 reported that Ashoka Buildcon has received a letter of award for a ₹865.90 crore contract from the National Highways Authority of India (NHAI) for the Vadodara-Mumbai Expressway project in Gujarat. A letter of award, or LoA, is the formal document a client issues to confirm that a company has won a contract; the value here is ₹865.90 crore, which is ₹8.659 billion. NHAI is the government body that builds and maintains national highways in India. The report did not give the duration of the project or when work will start. The headline says trading in Ashoka Buildcon shares will be in focus, meaning the stock may draw attention when the market opens. The report gave no other financial details about the order.

AI summary of what CNBC TV18 reported. AI can make mistakes. Read the full story on CNBC TV18

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CNBC TV18  · · Tone +1

Ashoka Buildcon bags LoA for ₹865 crore Vadodara-Mumbai Expressway project

Ashoka Buildcon shares will focus after bagging an 865.90 Crore contract from the National Highways Authority of India for the Vadodara-Mumbai Expressway project in Gujarat.

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