Comments
Construction firm Ashoka Buildcon has bagged a contract worth $38.11 million (around Rs 247 crore) from Maldives-based company Housing Development Corporation.
“Our 50:50 consortium with Mohan Mutha Exports Pvt Ltd has been awarded the EPC contract for development of a road network for Hulhumale, Phase 2, Stage 1 Project by Housing Development Corporation (HDC), Republic of Maldives, to be completed in 18 months,” Ashoka Buildcon said.
The estimated cost of the project according to HDC is $38.11 million, it added.
In a regulatory filing, Ashoka Buildcon also said the consortium has signed a contract agreement with Housing Development Corporation, Maldives.
Ashoka Buildcon shares were trading up 1.75 per cent at Rs 165.40 in afternoon trade on the BSE.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.