Shares of Ashoka Buildcon jumped as much as 2 per cent to Rs 269.20 as the company has bagged orders worth Rs 756.79 crore from DVVNL for electrification work in Uttar Pradesh.
“Ashoka Buildcon has received letters of intention (LOIs) from Dakshinanchal Vidyut Vitaran Nigam Ltd (DVVNL) for electrification work in Etah and Kashiram Nagar (Kasganj) district for Rs 319.63 crore and electrification work in Kannoj, Farrukhabad and Etawa district for Rs 437.16 crore,” the company said in a BSE filing.
The company shares opened higher at Rs 264 against the previous close of Rs 263.95, touched the day’s high of Rs 269.20 and a low of Rs 263.50 on the BSE. In terms of equity volume, 9,495 shares exchanged hands in the morning trade.