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.
