Ashoka Buildcon shares surged over 10% after the company received a Rs 602.16 crore order from Rail Vikas Nigam Limited for electro-mechanical works across four railway tunnels in Uttarakhand. The 30-month project is expected to strengthen the company’s order book, while the stock’s technical setup also remains in focus.
Ashoka Buildcon shares surged over 10% after the company received a Rs 602.16 crore order from Rail Vikas Nigam Limited for electro-mechanical works across four railway tunnels in Uttarakhand. The 30-month project is expected to strengthen the company’s order book, while the stock’s technical setup also remains in focus.
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Ashoka Buildcon shares jumped 10.44% to Rs 124.40 during Monday’s trading session after the company announced that it had received a Letter of Acceptance (LOA) from Rail Vikas Nigam Limited (RVNL) for a major infrastructure project in Uttarakhand.The order, valued at Rs 602.16 crore, including GST, involves the supply, erection, testing and commissioning of electro-mechanical systems for four railway tunnels under the Rishikesh-Karnprayag New Broad Gauge Rail Line Project.According to the compa…
