Ashoka Buildcon said that it has received a letter of acceptance (LOA) from the Guyanan government for a road project worth $106 million.
The company had submitted its bid to the Government of the Co-operative Republic of Guyana (the authority) and it has received a letter of acceptance (LOA) from the authority for the project viz. 'request for proposal for procurement of Phase-1: East Bank-East Coast Road Linkage Project (Ogle to Haags Bosch, Eccles)' (Project).
The accepted bid project cost for the project is $106,383,954.52. The construction period is 730 days from the commencement date.
Ashoka Buildcon is engaged in the construction & maintenance of roads and supporting services to land support-operation of toll roads.
The company's consolidated net profit rose 58.59% to Rs 225.93 crore on a 12.78% increase in sales to Rs 1,957.29 crore in Q4 FY22 over Q4 FY21.
The scrip rose 0.41% to currently trade at Rs 86.45 on the BSE.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Quarterly Starter
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Access to Exclusive Premium Stories
Over 30 subscriber-only stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app