Ashok Buildcon share on Monday morning gained 2 percent after ensnaring order from Jharkhand Bijli Vitran Nigam Limited.
“We have received a letter of intent from Jharkhand Bijli Vitran Nigam Limited (JBVNL) for rural electrification works of Package-4 in Jharkhand under Jharkhand Sampurna Bijli Achchhadan Yojana (JSBAY) Phase-II,” the company said in an exchange filing.
The stock was quoting at Rs 139.00, up Rs 2.20, or 1.61 percent on the BSE, at 0930 hours IST.
In a receipt of Letter Of Intent (LOI)  from JBVNL it says, “In continuation to the letter sent by Ashoka Buildcon Limited (“the Company”) on December 13, 2018, the Company is pleased to inform that it has received Letter of Intent (Lol) from Jharkhand Bijli Vitran Nigam Limited (“JBVNL”) for the Project viz. “Rural Electrification Works of Package-4 (Comprising Ranchi, Khunti, Gumla, Simdega & Lohardaga District) in Jharkhand State under Jharkhand Sampurna Bijli Achchhadan Yojana (JSBAY) Phase-II”.
Rs.169.22 Crore.  Is the accepted Bid Value for the Project.
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