Ministry matters

Ashoka Buildcon wins by becoming L-1 bidder for Ministry of Roads project

Ashoka Buildcon added 3.58% to Rs 99.95 after the company became the lowest bidder (L-1) for a Ministry of Road Transport and Highways project.

The company had submitted an offer to the Ministry of Road Transport and Highways regarding the project, viz. “Request for proposal for the construction of a six-lane link road (NH-1665) with an asphalt shoulder configuration to Mopa Airport in the State of Goa in EPC mode”.

The company has emerged as the lowest bidder for the said project and the bid price for the project is Rs 76,941 crore.

Ashoka Buildcon is engaged in road construction and maintenance and in toll road operation support services.

The company’s consolidated net profit increased 9.12% to Rs 79.94 crore on a 6.35% increase in net sales to Rs 1,264.87 crore in the second quarter of fiscal 22 compared to in the second quarter of fiscal year 21.

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(This story was not edited by Business Standard staff and is auto-generated from a syndicated feed.)

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