India's Ashoka Buildcon rises after unit signs $162.3 mln project

Ashoka Buildcon

07/01/2025 04:10

** Shares of Ashoka Buildcon  ABDL.NS  rise 3.5% to 287.80
rupees
    ** The construction co's unit executes concession agreement
with National Highways Authority of India for project worth
13.91 bln rupees ($162.3 mln)
    ** Project is for making 4-lane section of National
Highway-116A in West Bengal under hybrid annuity mode
    ** ABDL stock more than doubled in 2024

    ($1 = 85.7280 Indian rupees)

 (Reporting by Vijay Malkar)
 ((VijayDattaram.Malkar@thomsonreuters.com;))