Ashoka Buildcon shares slump 6% after NHAI suspends bidding rights amid investigation
Ashoka Buildcon share price slumped by 6% during Friday’s trading session after the company announced that the National Highways Authority of India (NHAI) has momentarily barred it from entering into current and future bids.
The NHAI’s suspension will last for one month or until the Expert Committee concludes its investigation regarding the collapse of two precast PSC girders on the six-lane elevated corridor from Aroor to Thuravoor Thekku, part of NH-66.
