{
Ashoka Buildcon Limited

Companies

}
Ashoka Buildcon shares rise after securing 193 crore EPC order
Shares of Ashoka Buildcon rose 3% on November 28 after securing a Rs 192.59 crore EPC order from Madhya Pradesh Poorv Kshetra Vidyut Vitaran Company. The project, with a 24-month execution timeline, involves the installation and commissioning of new 11 kV lines under a feeder separation programme. The company's order book stood at Rs 11,104 crore at the end of the September quarter.
Moneycontrol
Indian Rupee Ashoka Buildcon Limited IND
Finance & Economy, Market Report
05:10 28.11.2024
Maharashtra elections raise concerns over state capex and infrastructure spending
Maharashtra's recent elections saw the BJP-led Mahayuti alliance secure over 200 seats, signaling continuity in policy. However, promises of direct cash handouts to 26 million women raise concerns about the state's fiscal spending and potential impacts on capital expenditure, particularly affecting EPC stocks like L&T and Ashoka Buildcon. In the first seven months of the financial year, projects worth Rs 1.5 lakh crore were awarded across various sectors, but a slowdown in state capex could hinder future growth.
Moneycontrol
Ashoka Buildcon Limited GR Infra L&T J Kumar Infra HG Infra IND Show more
Finance & Economy, Market Report
11:19 27.11.2024
Ashoka Buildcon secures 1391 crore project from NHAI in West Bengal
Ashoka Buildcon has secured a project worth Rs 1,391 crore from the National Highways Authority of India (NHAI) for the development of a 4-lane economic corridor in West Bengal, to be completed in 910 days. In Q2FY25, the company reported a four-fold increase in net profit to Rs 462 crore, up from Rs 106 crore year-on-year, with a 15.5% rise in revenue from operations to Rs 2,489 crore.
Moneycontrol
Indian Rupee Ashoka Buildcon Limited IND
Finance & Economy, Market Report
03:14 26.11.2024
ashoka buildcon shares surge after acl stake acquisition announcement
Ashoka Buildcon shares surged nearly 7% following the announcement of its acquisition of an additional 34% stake in Ashoka Concessions Ltd (ACL) for Rs 1,526 crore, making ACL a wholly-owned subsidiary. The stock has risen 75% year-to-date, significantly outperforming the Nifty 50's 11% gain. This transaction also provides an exit for investors like Macquarie SBI Infrastructure Investments.
Moneycontrol
Indian Rupee Macquarie SBI Infrastructure Investments Ashoka Buildcon Limited SBI Macquarie Infrastructure Trust IND Show more
Finance & Economy, Market Report
08:42 31.10.2024
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