Ashoka Buildcon shares in focus after co plans Rs 9000 cr investment in Bihar
Ashoka Buildcon will be in focus in Monday's trade after the company signed an agreement to invest Rs 9,000 crore in Bihar.
The funds will be used for setting up a green hydrogen plant in Bihar, its COO-Renewable Energy Mayank Sharma said.
The company signed a memorandum of understanding with the state government, committing to investing in the plant, during the Bihar Business Connect 2024. The Maharashtra-based firm is in highway construction, power distribution and solar projects.
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Sharma said the company will set up a 1,250 MW solar project and use the clean electricity to produce green hydrogen by splitting water. «The first phase of the plant is being planned at Begusarai (in Bihar),» he said.
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