Ashoka Buildcon gains on emerging lowest bidder for two projects from MMRDA

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Ashoka Buildcon gains on emerging lowest bidder for two projects from MMRDA - Business Standard

Quick Summary:

The uptick in the share price came after the company announced that it has emerged as the lowest bidder (L-1) for two projects from Mumbai Metropolitan Region Development Authority (MMRDA).

The second order involves the design and construction of the Creek Bridge from Gaimukh to Payega, with a completion timeline of 36 months, also including the monsoon period.

The company has emerged as the Lowest Bidder (L-1) for the Two (2) Projects.