Ashoka Buildcon received a project worth Rs 1,127 crore from BMC

One of India’s top highway developers, Ashoka Buildcon Limited, is a Fortune India 500 company. The business is a combined player in the EPC, BOT, and HAM markets. Since our modest beginnings in 1976, we have worked hard to maintain quality, safety, consistency, and environmental consciousness in all of our assignments, which has allowed us to grow to our current position. Our capacity to think and act outside of the “ordinary” in order to push the boundaries of what is considered acceptable in the construction industry is a testament to our strength. Our unparalleled record of remarkable accomplishments has enabled us to construct state-of-the-art infrastructure both domestically in India and abroad. Our strong base and talented team of technical and support staff enable us to manage projects of any size.

BMC awards Ashoka Buildcon a Rs. 1127 crore project.

The construction of the Flyover Arm1 Arm-2 at the T Junction on the Sion Panvel Highway in Maharashtra Nagar’s M/E Ward has been approved by the Brihanmumbai Municipal Corporation and received by Ashoka Buildcon. The project’s approved bid price, including taxes, is Rs. 1,126.58 crore.

Performance of Ashoka Buildcon in Q1 FY25.

In comparison to Q1 FY24, when it reported a standalone net profit of Rs 16.4 crore, the company’s Q1 FY25 profit of Rs 40.8 crore is significantly higher.The total income for the period under review increased by 22% YoY to Rs 1,900.8 crore.

Ashoka Buildcon secured a project worth Rs. 3267 crore

Ashoka Buildcon announced two days ago that it had received two Letters of Acceptance (LOAs) totaling Rs. 3,267 crore for Maharashtra State Road Development projects and one LOA for a CIDCO project.

The intraday price of Ashoka Buildcon’s stock surged by 3%.

The stock of Ashoka Buildcon Ltd. is currently trading at Rs. 257.81 per share, up 3% from the intraday high of Rs. 262.00. The company experienced an 8% increase in stock two days prior as a result of the Maharashtra State Road Development projects, which brought in a total of Rs. 3,267 crore. Stock has increased by more than 11% in just the last three days, according to recently awarded projects.

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