Ashoka Buildcon receives arbitration award of ₹36.29 cr

Ashoka Buildcon on Monday received an arbitration award aggregating ₹36.29 crore inclusive of interest against various claims filed before the National Highways Authority of India. The award relates to a road project, the Govindpur (Rajgunj)-Chas-West Bengal border section of NH-32 in Jharkhand, on EPC mode. Shares of Ashoka Buildcon slumped 4 per cent at ₹123.95 on the NSE.