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Ashoka Buildcon surges nearly 10% on order win from Mumbai airport

Ashoka Buildcon surges nearly 10% on order win from Mumbai airport

Friday, April 7, 2017, 11:23 AM

Shares of Ashoka Buildcon gained nearly 10% intraday on Friday as investors cheered its award win for developing land parcels in Mumbai. The company received a Letter of Award ('LoA') from Mumbai International Airport (MIAL) for developing the land parcels located at NS-C02 and NS-C03 in CTS-No. 145-A (Part) of Village Sahar ('GVK SKY City Project') located near existing Chhatrapati Shivaji International Airport, Mumbai.
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