Ashoka Buildcon rises as its SPV receives sanction letter for premium deferment from NHAI

Sep 26,2014   11:43 Hrs IST

Ashoka Buildcon is currently trading at Rs. 130.75, up by 0.60 points or 0.46% from its previous closing of Rs. 130.15 on the BSE. The scrip opened at Rs. 129.55 and has touched a high and low of Rs. 136.00 and Rs. 127.10 respectively. So far 5080 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 158.85 on 18-Jul-2014 and a 52 week low of Rs. 42.15 on 29-Oct-2013. Last one week high and low of the scrip stood at Rs. 144.65 and Rs. 128.00 respectively. The current market cap of the company is Rs. 2112.92 crore. The promoters holding in the company stood at 67.53% while Institutions and Non-Institutions held 17.15% and 15.33% respectively. Ashoka Buildcon’s SPV - Ashoka Belgaum Dharwad Tollway which currently operates 6 laning of Belgaum Dharwad section of NH-4 from km 433.000 to km 515.000 under NHDP Phase V in the state of Karnataka on DBFOT basis, has received a sanction letter from National Highways Authority of India (NHAI) for the premium deferment for the mentioned project and has signed a supplementary agreement to the concession agreement with NHAI under its Premium deferment scheme. Ashoka Buildcon builds and operates roads and bridges in India on a build, operate and transfer (BOT) basis. It currently operates one of the highest numbers of toll-based BOT projects in India.