Ashoka Buildcon has recently been awarded a significant project worth Rs 1,391 crore by the National Highways Authority of India (NHAI). The project involves the development of a four-lane economic corridor in West Bengal and will be executed under the Hybrid Annuity Mode (HAM).
The company's latest financial results show a four-fold increase in net profit, reaching Rs 462 crore in Q2 FY25, compared to Rs 106 crore in the same quarter last year. Additionally, the company's revenue from operations grew by 15.5 percent year-on-year, totaling Rs 2,489 crore for the quarter. This strong financial performance, along with the new project win, positions Ashoka Buildcon favorably in the market.