Shares of Ashoka Buildcon surged 8 per cent to Rs 73.45 in the early morning trade on the BSE on Tuesday after the company emerged as the lowest bidder for two National Highways Authority of India (NHAI) projects with an aggregate quoted value of Rs 1,390 crore in Bihar under Bharatmala Pariyojana.
The company, which is engaged in the construction of roads and highway projects, said the first project comprises a proposal for the four laning of Arrah to Pararia section of NH-319(Old NH-30) from Km 0+000 to Km 54+530 (Design Chainage) in Bihar under Bharatmala Pariyojana phase -1 on EPC mode (Package-I).
The second project is a request for the proposal for four laning of Pararia to Mohania section of NH-319(Old NH-30) from Km 54+530 to Km 115+330 (Design Chainage) in the state under Bharatmala Pariyojana Phase-I on EPC Mode (Package II), it said.
