Ashoka Buildcon bags Rs 1,018 cr order from Maldives; share price goes up

Ashoka Buildcon bags Rs 1,018 cr order from Maldives; share price goes up

PTIUpdated: Friday, May 28, 2021, 11:01 AM IST
article-image
Representative image | FPJ

Highways developer Ashoka Buildcon on Friday said it has bagged an order worth Rs 1,018.36 crore from Maldives' Fahi Dhiriulhun Corporation for design and construction of 2,000 social housing units.

"The company has received a letter of acceptance from Fahi Dhiriulhun Corporation, a state-owned company of the Government of the Republic of the Maldives, for the project viz. design and construction of 2,000 social housing units in Hulhumale on engineering, procurement and construction (EPC) basis," Ashoka Buildcon said in a regulatory filing.

The total value for this project is estimated to be around $140.33 million (Rs 1,018.36 crore), the company added.

Shares of Ashoka Buildcon were trading 1.25 percent higher at Rs 93.50 apiece on BSE

RECENT STORIES

Dentsu Lays Off 3,400 Employees Globally Amid Cost-Cutting Drive

Dentsu Lays Off 3,400 Employees Globally Amid Cost-Cutting Drive

Nazara Tech Shares Slide 20% In 4 Days Amid Online Gaming Bill Concerns

Nazara Tech Shares Slide 20% In 4 Days Amid Online Gaming Bill Concerns

IREDA Signs MoU With MNRE, Sets ₹8,200 Crore Revenue Target For FY 2025-26

IREDA Signs MoU With MNRE, Sets ₹8,200 Crore Revenue Target For FY 2025-26

Gold Slips ₹200 To ₹1,00,170 Per 10 Grams; Silver Trades Flat At ₹1,15,000 Per kg

Gold Slips ₹200 To ₹1,00,170 Per 10 Grams; Silver Trades Flat At ₹1,15,000 Per kg

GST Council's decision To Slash GST On Cancer Medicines, Essential Drugs ‘Commendable’: IMA

GST Council's decision To Slash GST On Cancer Medicines, Essential Drugs ‘Commendable’: IMA