Ashoka Buildcon Shares Surge with Major Railway Contract Win
In an impressive turn of events, Ashoka Buildcon saw its stock price soar nearly 5% during intraday trading on the BSE this Wednesday. This notable rise follows the company’s announcement of securing a substantial order from Central Railways, valued at approximately ₹568 crore. The company unveiled this exciting development on Tuesday, marking a significant milestone in its growth trajectory.
Details of the Major Railway Project
On April 22, 2025, Ashoka Buildcon confirmed to the exchanges that it had received the Letter of Acceptance for the railway project. The details of this project include:
- Construction of earthworks, major and minor bridges
- Railway under bridges (RUBs)
- Permanent way work
- Miscellaneous civil works associated with gauge conversion from Pachora to Jamner (around 53.3 km)
This contract, which has a total value of ₹568.86 crore (including GST), emphasizes the company’s robust position in the Engineering, Procurement, and Construction (EPC) sector. The project is expected to be completed within 913 days, showcasing Ashoka Buildcon’s commitment to timely delivery and quality performance.
Other Noteworthy Developments
In addition to the railway project, Ashoka Buildcon’s subsidiary, Ashoka Concessions Ltd, made headlines by entering into share purchase agreements with Maple Infrastructure Trust in December 2024. This deal involves the sale of the entire share capital of several subsidiaries, which includes:
- Ashoka Highways (Bhandara) Limited
- Ashoka Highways (Durg) Limited
- Ashoka Belgaum Dharwad Tollway Limited
- Ashoka Sambalpur Baragarh Tollway Limited
- Ashoka Dhankuni Kharagpur Tollway Limited
While the initial deadline for finalizing these agreements was set for March 31, 2025, Ashoka Buildcon has indicated that certain conditions are still being addressed, necessitating an extension of the completion timeline.
Stock Performance Insights
On Wednesday, Ashoka Buildcon’s share price opened at ₹205, marking an increase from the previous day’s closing price of ₹198. The stock continued to climb, reaching an intraday peak of ₹207.70, reflecting significant investor confidence and excitement surrounding the recent contract win.
This latest development not only highlights Ashoka Buildcon’s expanding portfolio but also reinforces its reputation as a key player in the infrastructure sector. As the company moves forward with these projects, stakeholders will be keenly watching its performance in the coming months.
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