New Delhi, Nov. 28 -- Ashoka Buildcon share price slumped by 6% during Friday's trading session after the company announced that the National Highways Authority of India (NHAI) has momentarily barred it from entering into current and future bids.

The NHAI's suspension will last for one month or until the Expert Committee concludes its investigation regarding the collapse of two precast PSC girders on the six-lane elevated corridor from Aroor to Thuravoor Thekku, part of NH-66.

One of the girders fell onto a commercial vehicle, resulting in a fatality for the driver. Ashoka Buildcon indicated that it received a show-cause notice from the NHAI on Wednesday, November 26.

Ashoka Buildcon announced that it received a show-cause notice from ...