Ashoka Buildcon Ltd
Thu 13/03/2025,15:59:11 | NSE : ASHOKA
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Market Data
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Open
₹ 179.50
Previous Close
₹ 176.83
Volume
1943279
Mkt Cap ( Rs. Cr)
₹4831.81
High
₹ 179.60
Low
₹ 171.63
52 Week High
₹ 319.00
52 Week Low
₹ 140.90
Book Value Per Share
₹ 100.72
Dividend Yield
0.00
Face Value
₹ 5.00
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64.46%
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172.12
1905
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Bid Total
1905
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News
Media spotlight triggers stock stock attention, sentiment.
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Ashoka Buildcon Ltd. - Announcement under Regulation 30 (LODR)-Credit Rating
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Ashoka Buildcon Ltd. - Credit Rating- Revision
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Ashoka Buildcon Ltd. - Intimation Under Regulation 52(7) And 52(7A) Of SEBI (Listing Obligations And Disclosure Requirements)
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Ashoka Buildcon Ltd. - Updates
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Ashoka Buildcon Ltd. - Receipt Of Letter Of Acceptance (LOA) For Maharashtra State Electricity Transmission Co. Limited (MSET
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Ashoka Buildcon Ltd. - Updates
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Ashoka Buildcon Ltd. - Receipt Of Provisional Certificate (COD) For NHAI Project
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Ashoka Buildcon Ltd. - Issue of Securities
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Ashoka Buildcon Ltd. - Notice Of Shareholders Meetings-XBRL
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Ashoka Buildcon Ltd. - Copy of Newspaper Publication
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Ashoka Buildcon Ltd. - Announcement under Regulation 30 (LODR)-Issue of Securities
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Ashoka Buildcon Ltd. - Shareholders meeting
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Ashoka Buildcon Ltd. - Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
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Ashoka Buildcon Ltd. - Updates
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Ashoka Buildcon Ltd. - Intimation of Repayment of Commercial Paper (CP)
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Ashoka Buildcon Ltd. - Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
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Ashoka Buildcon Ltd. - Outcome of Board Meeting
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Ashoka Buildcon Ltd. - Board Meeting Outcome for Outcome Of The Board Meeting Under Regulation 30 Of SEBI (Listing Obligation
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Ashoka Buildcon Ltd. - Analysts/Institutional Investor Meet/Con. Call Updates
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Ashoka Buildcon Ltd. - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
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Ashoka Buildcon Ltd. - Copy of Newspaper Publication
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Ashoka Buildcon Ltd. - Analysts/Institutional Investor Meet/Con. Call Updates
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Ashoka Buildcon Ltd. - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
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Ashoka Buildcon Ltd. - General Updates
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Ashoka Buildcon Ltd. - Announcement under Regulation 30 (LODR)-Investor Presentation
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Ashoka Buildcon Ltd. - Press Release
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Ashoka Buildcon Ltd. - Announcement under Regulation 30 (LODR)-Press Release / Media Release
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Ashoka Buildcon Ltd. - Integrated Filing- Financial
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Ashoka Buildcon Ltd. - Integrated Filing (Financial)
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Ashoka Buildcon Q3 net profit down 30.16% at Rs 60.52 cr
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Ashoka Buildcon Ltd. - Financial Result Updates
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Ashoka Buildcon Ltd. - Outcome of Board Meeting
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Ashoka Buildcon Ltd. - Results- Financial Results For The Quarter & Nine Months Ended December 31, 2024
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Ashoka Buildcon Ltd. - Board Meeting Outcome for Outcome Of The Board Meeting Under Regulations 30, 33 & 52 Of SEBI (Listing
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Ashoka Buildcon Ltd. - Analysts/Institutional Investor Meet/Con. Call Updates
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Ashoka Buildcon Ltd. - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
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Ashoka Buildcon Ltd. - Record Date For Commercial Paper Of Ashoka Buildcon Limited
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Ashoka Buildcon Ltd. - Board Meeting Intimation
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Ashoka Buildcon Ltd. - Board Meeting Intimation for Notice Of Board Meeting - Regulations 29, 33 & 50 Of The SEBI (Listing Ob
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Ashoka Buildcon Ltd. - Copy of Newspaper Publication
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Ashoka Buildcon Ltd. has submitted to BSE the Shareholding Pattern for the Period Ended December 31, 2024
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CCI approves Ashoka Buildcon’s 34% stake buy in Ashoka Concessions
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Ashoka Buildcon Ltd. - Bagging/Receiving of orders/contracts
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Ashoka Buildcon Ltd. - Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
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Ashoka Buildcon Ltd. - General Updates
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Ashoka Buildcon Ltd. - Announcement under Regulation 30 (LODR)-Acquisition
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Ashoka Buildcon Ltd. - General Updates
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Ashoka Buildcon Ltd. - Intimation Regarding Signing Of SPA For Sale/Disposal Of Stake In Spvs (Defined Below) Of Ashoka Build
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Ashoka Buildcon Ltd. - Trading Window-XBRL
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Ashoka Buildcon Ltd. - General Updates
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Ashoka Buildcon Ltd. - Issue of Securities
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Ashoka Buildcon Ltd. - Issuance Of Securities - Commercial Papers
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Ashoka Buildcon bags Rs 312 cr contract from MSETCL
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Ashoka Buildcon
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Ashoka Buildcon arm inks contract with NHAI
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Ashoka Buildcon
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Ashoka Buildcon
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Ashoka Buildcon
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Ashok Buildcon
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Ashoka Buildcon up as JV emerges lowest bidder for order of Rs. 1,668 cr
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Ashoka Buildcon
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Ashoka Buildcon
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Ashoka Buildcon
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Ashoka Buildcon
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Ashoka Buildcon enters into a SPA with GVR Infra Proj
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Ashoka Buildcon
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Ashoka Buildcon
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Ashoka Buildcon
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Ashoka Buildcon gets NoA from North Bihar Power Distribution Company
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Ashoka Buildcon
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Ashoka Buildcon
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Ashoka Buildcon bags project worth Rs. 754.57 cr
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Ashoka Buildcon
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Ashoka Buildcon gets LoA from NHAI for a project worth Rs. 1,668.50 crore
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Ashoka Buildcon declare as lowest bidder for a project worth Rs. 1,668.50 cr
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Ashoka Buildcon
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Ashoka Buildcon
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Ashoka Buildcon gets LoI for project
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Ashoka Buildcon JV emerges lowest bidder for project of Rs. 611 crore
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Ashoka Buildcon
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Ashoka Buildcon
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Ashoka Buildcon gets Letter of Acceptance for project worth $106 m in Guyana
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Ashoka Buildcon
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Ashoka Buildcon
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Ashoka Buildcon gets LOA for NHAI project worth Rs. 1,079 cr
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Ashoka Buildcon
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Ashoka Buildcon gets LoA from Northeast Frontier Railway
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Stock Update: Ashoka Buildcon
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Ashoka Buildcon Q3FY2022 Results
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Ashoka Buildcon-led consortium bags Rs. 1,046-cr order
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Ashoka Buildcon bags order Rs. 111.5 cr for work of construction of Mall cum Multiplex
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Ashoka Buildcon emerges lowest bidder for a NHAI project in Karnataka
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Ashoka Buildcon
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Ashoka Buildcon gets order worth Rs 262.17 crore
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Ashoka Buildcon bags LoA for construction project
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Ashoka Buildcon emerge as L-1 bidder for Road Ministry project
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Stock Update: Ashoka Buildcon
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Stock Update: Ashoka Buildcon
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Ashoka Buildcon
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Ashoka Buildcon
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Ashoka Buildcon
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Ashoka Buildcon emerges lowest bidder for a project in Assam worth Rs 282.1 cr
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Ashoka Buildcon secures order for upgrading national highway in WB
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Ashoka Buildcon
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Ashoka Buildcon Q1FY2022 Results
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Ashoka Buildcon bags Rs. 600 crore contract
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Ashoka Buildcon gets LoA from NHAI for Rs. 726 crore project
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Ashoka Buildcon
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Ashoka Buildcon
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Ashoka Buildcon gets letter of award worth Rs. 482.3 cr from Ircon Intl
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Stock Update – Ashoka Buildcon Q4FY2021 Results Review
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Ashoka Buildcon Q4FY2021 Results
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Ashoka Buildcon
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Ashoka Buildcon
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Ashok Buildcon
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Ashoka Buildcon
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Ashoka Buildcon to buy 49% stake in Ashoka Highways
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Ashoka Buildcon
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Ashoka Buildcon Q3FY2021 Results
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Ashoka Buildcon
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Ashoka Buildcon gets order of Rs. 502.3 cr from NTPC
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Ashoka Buildcon
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Stock Update – Ashoka Buildcon
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Ashoka Buildcon
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Ashoka Buildcon
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Ashoka Buildcon
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Ashoka Buildcon gets LoA from NHAI
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Ashoka Buildcon
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Ashoka Buildcon emerges as lowest bidder
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Ashoka Buildcon
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Ashoka Buildcon SPV executes concession agreement for NHAI road project
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Ashoka Buildcon
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Ashoka buildcon
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Ashoka Buildcon
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Ashoka Buildcon receives LOA from UPEIDA for road project
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Ashoka Buildcon
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Ashoka Buildcon arm bags highway project worth Rs. 1000 crore
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Ashoka Buildcon arm declares lowest bidder
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Ashoka Buildcon
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Road Sector
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Ashoka Buildcon bags an order worth Rs. 313.72 crore
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Ashoka Buildcon Q1FY2020 Results
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Ashoka Buildcon likely to formally launch a stake sale process
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Macquarie eyes exit from roads platform Ashoka Concessions
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Ashoka Buildcon JV wins Rs. 443 crore contract from RVNL
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Ashoka Buildcon gets LoI for Jharkhand project
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Ashoka Buildcon emerge as lowest bidder for Rail Vikas Nigam
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Ashoka Buildcon emerges lowest bidder for NHAI project in Karnataka
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Ashoka Buildcon Q3 net profit at Rs. 62.2 crore
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Ashoka Buildcon wins arbitration awards from NHAI
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Ashoka Buildcon board approves allotment of NCDs worth Rs. 150 crore
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Ashoka Buildcon gains on rasing fund from Morgan Stanley
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Ashoka Buildcon receives LoA by Rail Vikas Nigam
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Ashoka Buildcon receives 1384 additional toll days
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Ashoka Buildcon arm gets arbitral award
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Ashoka Buildcon bags order from DVVNL
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Ashoka gains on emerging lowest bidder for road projects
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Ashoka Buildcon Ltd arm emerges lowest bidder for NHAI Project
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Ashoka Buildcon emerges lowest bidder for three hybrid annuity projects
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Macquarie Asia Investment Fund bags 30 year toll operate transfer deal
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Book profit for Ashoka Buildcon Limited
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Ashoka Buildcon reports standalone Q2 net sales decline
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Ashoka Buildcon's standalone net earnings doubled in Q1FY2018
Key fundamentals
Evaluate the intrinsic value of Ashoka Buildcon Ltd stock
Name | March-24 | March-23 | March-22 | March-21 | March-20 |
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Assets | 5255.1508 | 4367.0689 | 3258.0247 | 3361.8267 | 2952.8146 |
Liabilities | 5255.1508 | 4367.0689 | 3258.0247 | 3361.8267 | 2952.8146 |
Equity | 140.3616 | 140.3616 | 140.3616 | 140.3616 | 140.3616 |
Gross Profit | 576.4923 | 533.6777 | 502.504 | 519.5178 | 585.6365 |
Net Profit | 442.7555 | 671.2736 | -308.6482 | 408.1264 | 387.1424 |
Cash From Operating Activities | 410.1416 | 72.7628 | 161.0797 | 131.0477 | 741.2585 |
NPM(%) | 5.73 | 10.53 | -6.72 | 10.69 | 9.83 |
Revenue | 7726.6634 | 6372.349 | 4591.4566 | 3817.5213 | 3937.4329 |
Expenses | 7150.1711 | 5838.6713 | 4088.9526 | 3298.0035 | 3351.7964 |
ROE(%) | 15.65 | 23.74 | -10.91 | 14.43 | 13.69 |
Corporate Action
XD-Date | Dividend-Amount | Dividend-% | Dividend Yield(%GE) | Price on that day |
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27 Mar 2018 | 0.8 | 16 | 0 | 226.7 |
21 Sep 2017 | 0.8 | 16 | 0 | 187.5 |
02 Feb 2017 | 0.8 | 16 | 0 | 166.3 |
16 Mar 2016 | 0.8 | 16 | 0 | 184.05 |
03 Feb 2016 | 0.7 | 14 | 0 | 180.5 |
28 Aug 2015 | 0.7 | 14 | 0 | 153.2 |
10 Feb 2015 | 0.7 | 14 | 0 | 142.7 |
12 Aug 2014 | 0.8 | 16 | 0 | 105.8 |
18 Feb 2014 | 0.7 | 14 | 0 | 60.25 |
23 May 2013 | 2 | 20 | 0 | 223.7 |
11 Feb 2013 | 2 | 20 | 0 | 200.5 |
Peers
Other companies within the same industry or sector that are comparable to Ashoka Buildcon Ltd
Company | Price | Price (% change) | pe(x) | EV/EBITDA(x) | ROE(%) | ROCE(%) |
---|---|---|---|---|---|---|
Prajay Engineers Syndicate Ltd | 20.77 | 1.47 | 0.00 | 1204.29 | -55.70 | 0.00 |
Hubtown Ltd | 176.48 | 0.18 | 0.00 | 1376.50 | -63.55 | 0.00 |
Shriram Properties Ltd | 67.64 | -0.07 | 23.24 | 2933.08 | 44.30 | 0.00 |
IRB Infrastructure Developers Ltd | 42.80 | -1.99 | 4.00 | 103991.58 | 100.32 | 0.70 |
Company Info
We began our operations as a civil construction firm, Ashoka Constructions in November 5, 1983 as a partnership between Ashok M. Katariya, Ramanal B. Parakh, Sushil R. Parakh, Narendra R. Shakadwipi and Vimlabai R. Shakadwipi. We were reorganized as a company called Ashoka Buildcon Private Limited in 1993 and engaged in the business of civil construction. In fiscal 1997, we entered into the business of developing toll roads and toll bridges on a BOT basis.We became a public company on April 22, 2002 and changed the name of the Company from Ashoka Buildcon Private Limited to Ashoka Buildcon Limited with effect from April 22, 2002 pursuant to a special resolution of the shareholders passed at an EGM on April 4, 2002. The fresh certificate of incorporation consequent on change of name was granted by the RoC to the Company on April 22, 2002. We build and operate roads and bridges in India on a build, operate and transfer ("BOT") basis. We believe we currently operate one of the highest number of toll-based BOT projects in India. In addition to BOT projects, we also (i) engineer and design, procure the raw materials and equipment for and construct roads, bridges, commercial buildings, industrial buildings and institutional buildings for third parties, (ii) manufacture and sell ready-mix concrete ("RMC") and bitumen and (iii) collect tolls on roads and bridges owned and constructed by third parties. Our business is organised into four divisions: - the BOT division; - the engineering, procurement and construction ("EPC") division; - the RMC and bitumen division; and - the toll collection contract division. Prior to fiscal 1997, we were engaged solely in the engineering and construction of residential, commercial, industrial and institutional buildings. In fiscal 1997, having acquired EPC skills, we also turned our attention to bidding for contracts for toll roads and toll bridges on a BOT basis. We were awarded our first BOT project, the Dhule bypass in Maharashtra, in fiscal 1997 and completed the construction of the road in the same fiscal year. In fiscal 2000 we began manufacturing RMC solely for use by our EPC division. In fiscal 2002 we began to manufacture RMC to sell to third parties as well as for use by our EPC division. In fiscal 2005 we began processing bitumen to a higher grade at our facility in Pune for use in road projects. Having developed systems and procedures for collecting tolls on our BOT projects, including developing our own proprietary computerised toll revenue auditing system, we tendered for and were awarded our first the contract to collect the tolls on a road owned and constructed by a third party. In August 2006, IDFC PE II acquired 1,019,617 Equity Shares in the Company which made IDFC the single largest shareholder with 18.18% equity stake in the Company. Currently, IDFC PE II holds 7,137,319 Equity Shares aggregating to 15.62% of our paid-up Equity Shares, which makes it our single largest shareholder as on the date of this Draft Red Herring Prospectus. Milestones achieved by the Company since its incorporation are listed below: Year Milestones 1995-96 The Company completes its first major industrial project for Nilkamal Plastics Limited, Sinnar. 1997-98 The Company starts work on the Dhule bypass project, one of the first BOT projects in Maharashtra. The Company completes this project within a period of nine months. The Company completes the construction of one of the first few flyovers in Pune, the Kothrud flyover. The Company is awarded the ISO 9001:2000 certification for quality management systems. The Company establishes the Ashoka Training Institute to promote excellence in civil construction education and research. The Company is awarded the National Award for `Most Outstanding Bridge-Excellent Aesthetic Matching Environment' for Kothrud flyover, Pune and Shivna bridge from Indian Institute of Bridge Engineers. 2000 The Company was awarded its first project aggregating approximately Rs. 1,000 million on NH-4. 2001 The Company completes construction of East Coast road between Chennai and Pudducherry which was declared to be a model road by Government of India. The Company is awarded the `NIMA Excellence Award' by the Nashik Industries and Manufacturer's Association. The Company starts its RMC business. 2003-04 The Company completes construction of the Indore-Edalabad road, which was one of the longest roads to be constructed on a BOT basis. 2006 The Company entered into a shareholders agreement with IDFC Infrastructure Fund 2 for issue of 1,019,617 equity shares to IDFC Infrastructure Fund 2 at a price of Rs. 980.76 per equity share 2007 The Company received the Certificate of Registration regarding compliance with requirements of ISO 9001: 2000, ISO 14001:2004 and OHSAS 18001:1999. The said certificate was granted by International Standards Certifications Pty. Limited. 2008 Ashok M. Katariya received the Life Time Achievement award from the Association of Consulting Civil Engineers. 2009 The Company received the Certificate of Registration regarding compliance with requirements of ISO 9001: 2000, ISO 14001:2004 and OHSAS 18001:2007. The said certificate was granted by International Standards Certifications Pty. Limited. Key Awards and Recognitions Year Name of Award 1997 Awarded the `CM Shah Concrete Technology Award' by Institution of Engineers, India, Pune Local Centre 1997 Awarded the National Award for `Most Outstanding Bridge-Excellent Aesthetic Matching Environment for Kothrud flyover, Pune and Shivna bridge from Indian Institute of Bridge Engineers 1998 The quality management systems of the Company were ISO 9001:2000 certified by International Standards Certifications Pty Limited Awarded the `Director's Work of World Class Quality Award' for the project executed for Proctor and Gamble in Goa 2001 Awarded the `National Award -Most Outstanding Bridge' for construction of Bhor bridge. Awarded the NIMA Excellence Award by the Nashik Industries and Manufacturer's Association. 2007 Awarded a certificate of involvement by the United States Environment Programme to Ashoka Group for the contribution by Ashoka Group to the 2007 Billion Tree Campaign. Awarded a certificate of registration `Environmental Management System 14001:2004; ISO 9001:2004; ISO 18001:2007' from International Standards Certifications Pty. Ltd. for complying with requirements of the International Standard 2008 Awarded a certificate of excellence in productivity, quality, innovation and management by the Institute of Economic Studies, New Delhi 2009 The Company received the Certificate of Registration regarding compliance with requirements of ISO 9001: 2000, ISO 14001:2004 and OHSAS 18001:2007. The said certificate was granted by International Standards Certifications Pty. Limited. 2010 The equity shares of Ashoka Buildcon Ltd (Scrip Code: 533271) are listed and admitted to dealings on the Exchange in the list of 'B' Group Securities Ashoka Build - Ashoka Buildcon announces construction completion and start of toll Project 2011 Ashoka Build - Successful bidder for Four Laning of Cuttack-Angul Section (112 KMs) The Company announces the receipt of Letter of Awards for Turnkey Power Distribution EPC Contracts aggregating to Rs. 156.51 Crores from Maharashtra State Electricity DistributionCompany Ltd (MSEDCL). 2012 The Company has acquired 50% equity shares of VIPL at par value, The Company now holds 99% of the paid-up share capital of VIPL. Ashoka Buildcon emerges as lowest bidder for Chennai-ORR project Tamilnadu 2013 -Ashoka Buildcon Ltd has has declared interim Dividend for the Financial year 2012-13 @ 20% i.e. Rs 2/- per Equity Share. -Ashoka Buildcon has announces bonus in the ratio of 1:2 -Ashoka Buildcon has splits its face value from Rs 10/- to 5/- 2014 -Ashoka Buildcon Ltd has received Letter of Award for the Project. -Honoured with prestigious Award - "Lokmat Presents Corporate Excellence Award - 2014". -The Institute of Engineers India has honoured the Company with the Best Award for promoting Green Building Concept and Infrastructure. -Company has bagged an award for the "Project of the year (Runner Up) " for its Dhankuni Kharagpur Road Project in the State of Kolkata. 2015 -Re-start of Toll Collection at Dewas Bypass Road Project -Ashoka Buildcon Ltd warded the Best Professionally Managed Company during the 7th CIDC Vishwakarma Awards -Ashoka Buildcon arm receives arbitral award 2016 -Ashoka Buildcon acquires 48% stake in JTCL. -Ashoka Buildcon bags project worth Rs 155.8 crore from National Highways & Infrastructure Development Corporation (NHIDCL) for road project. -Ashoka Buildcon gets 5 power projects worth Rs 950 crore in Bihar. - "Acquisition of stake in Mudhol Nipani SPV". -Ashoka Buildcon secures project worth Rs 179 crore from DVVNL 2017 - Ashoka Buildcon Ltd has "Receipt of Letters of Award for Power Project in the State of Bihar. -Ashoka Buildcon Ltd has been honoured with prestigious Award -"Infra Company of the Year Award" at the EPC World Awards held in Delhi. -Ashoka Buildcon Ltd. has won Letter of Award (LoA) from Mumbai International Airport to develop land parcels in village Sahar. - Ashoka Buildcon gets New project from National Highways Authority of India in Vizag in the State of Andhra Pradesh. -Ashoka Buildcon gets Rs 116.72 cr power project in Bihar 2018 -Ashoka Buildcon Ltd has issued Bonus Shares in the Ratio of 1:2 -Ashoka Buildcon Limited has 'Declaration of an Appointed Date for NHAI Project' -Ashoka Buildcon Limited has received Letter of Acceptance by RVNL, for the Project "Construction of roadbed, bridges -Ashoka Buildcon Ltd Awarded for Innovations in CSR Practices by ET Now Presents CSR Leadership Awards -2018 2019 -Ashoka Buildcon Limited has 'Receipt of Letter of Award (LOA) for NHAI Project -Ashoka Buildcon Limited has 'Receipt of LOA for Uttar Pradesh Expressways Industrial Development Authority Project' -Ashoka Buildcon Limited has'Receipt of provisional Completion certificate for KRDCL Project' 2020 -Ashoka Buildcon Ltd has acquired additional 1.6 crore shares in its arm Ashoka GVR Mudhol Nipani Roads Ltd -Ashoka Buildcon Limited has Acquired stake in Mudhol Nipani SPV 2021 -Ashoka Buildcon Limited has Acquired stake in shoka Concessions Limited -Ashoka Buildcon Limited has Received Work order for the execution of the work of construction of Rock fill embankment and subgrade work for Navi Mumbai International Airport Project' -Ashoka Buildcon Limited was Award for JNPT Road Project by Construction Week at the Equipment and Infra Awards 2021 -Ashoka Buildcon has receives letter of award from Ministry of Road Transport and Highways in respect of the project in Goa -Ashoka Buildcon has acquires 60% stake in Ashoka Bettadahalli Shivamogga Road Private Limited -Ashoka Buildcon Limited has Received NOA (Notification of Award) for Solar Project on EPC Basis 2022 -Ashoka Buildcon bags projects worth Rs 754.57 cr -Ashoka Buildcon achieves financial closure for NHAI road project (Baswantpur to Singondi) -Ashoka Buildcon bags Rs 208.89 cr project from East Central Railways. -Ashoka Buildcon receives LoA for Rs 693 crore project from Northeast Frontier Railway. - Ashoka Buildcon bags project worth Rs 112 cr for the construction of mall-cum multiplex.
We began our operations as a civil construction firm, Ashoka Constructions in November 5, 1983 as a partnership between Ashok M. Katariya, Ramanal B. Parakh, Sushil R. Parakh, Narendra R. Shakadwipi and Vimlabai R. Shakadwipi. We were reorganized as a company called Ashoka Buildcon Private Limited in 1993 and engaged in the business of civil construction. In fiscal 1997, we entered into the business of developing toll roads and toll bridges on a BOT basis.We became a public company on April 22, 2002 and changed the name of the Company from Ashoka Buildcon Private Limited to Ashoka Buildcon Limited with effect from April 22, 2002 pursuant to a special resolution of the shareholders passed at an EGM on April 4, 2002. The fresh certificate of incorporation consequent on change of name was granted by the RoC to the Company on April 22, 2002. We build and operate roads and bridges in India on a build, operate and transfer ("BOT") basis. We believe we currently operate one of the highest number of toll-based BOT projects in India. In addition to BOT projects, we also (i) engineer and design, procure the raw materials and equipment for and construct roads, bridges, commercial buildings, industrial buildings and institutional buildings for third parties, (ii) manufacture and sell ready-mix concrete ("RMC") and bitumen and (iii) collect tolls on roads and bridges owned and constructed by third parties. Our business is organised into four divisions: - the BOT division; - the engineering, procurement and construction ("EPC") division; - the RMC and bitumen division; and - the toll collection contract division. Prior to fiscal 1997, we were engaged solely in the engineering and construction of residential, commercial, industrial and institutional buildings. In fiscal 1997, having acquired EPC skills, we also turned our attention to bidding for contracts for toll roads and toll bridges on a BOT basis. We were awarded our first BOT project, the Dhule bypass in Maharashtra, in fiscal 1997 and completed the construction of the road in the same fiscal year. In fiscal 2000 we began manufacturing RMC solely for use by our EPC division. In fiscal 2002 we began to manufacture RMC to sell to third parties as well as for use by our EPC division. In fiscal 2005 we began processing bitumen to a higher grade at our facility in Pune for use in road projects. Having developed systems and procedures for collecting tolls on our BOT projects, including developing our own proprietary computerised toll revenue auditing system, we tendered for and were awarded our first the contract to collect the tolls on a road owned and constructed by a third party. In August 2006, IDFC PE II acquired 1,019,617 Equity Shares in the Company which made IDFC the single largest shareholder with 18.18% equity stake in the Company. Currently, IDFC PE II holds 7,137,319 Equity Shares aggregating to 15.62% of our paid-up Equity Shares, which makes it our single largest shareholder as on the date of this Draft Red Herring Prospectus. Milestones achieved by the Company since its incorporation are listed below: Year Milestones 1995-96 The Company completes its first major industrial project for Nilkamal Plastics Limited, Sinnar. 1997-98 The Company starts work on the Dhule bypass project, one of the first BOT projects in Maharashtra. The Company completes this project within a period of nine months. The Company completes the construction of one of the first few flyovers in Pune, the Kothrud flyover. The Company is awarded the ISO 9001:2000 certification for quality management systems. The Company establishes the Ashoka Training Institute to promote excellence in civil construction education and research. The Company is awarded the National Award for `Most Outstanding Bridge-Excellent Aesthetic Matching Environment' for Kothrud flyover, Pune and Shivna bridge from Indian Institute of Bridge Engineers. 2000 The Company was awarded its first project aggregating approximately Rs. 1,000 million on NH-4. 2001 The Company completes construction of East Coast road between Chennai and Pudducherry which was declared to be a model road by Government of India. The Company is awarded the `NIMA Excellence Award' by the Nashik Industries and Manufacturer's Association. The Company starts its RMC business. 2003-04 The Company completes construction of the Indore-Edalabad road, which was one of the longest roads to be constructed on a BOT basis. 2006 The Company entered into a shareholders agreement with IDFC Infrastructure Fund 2 for issue of 1,019,617 equity shares to IDFC Infrastructure Fund 2 at a price of Rs. 980.76 per equity share 2007 The Company received the Certificate of Registration regarding compliance with requirements of ISO 9001: 2000, ISO 14001:2004 and OHSAS 18001:1999. The said certificate was granted by International Standards Certifications Pty. Limited. 2008 Ashok M. Katariya received the Life Time Achievement award from the Association of Consulting Civil Engineers. 2009 The Company received the Certificate of Registration regarding compliance with requirements of ISO 9001: 2000, ISO 14001:2004 and OHSAS 18001:2007. The said certificate was granted by International Standards Certifications Pty. Limited. Key Awards and Recognitions Year Name of Award 1997 Awarded the `CM Shah Concrete Technology Award' by Institution of Engineers, India, Pune Local Centre 1997 Awarded the National Award for `Most Outstanding Bridge-Excellent Aesthetic Matching Environment for Kothrud flyover, Pune and Shivna bridge from Indian Institute of Bridge Engineers 1998 The quality management systems of the Company were ISO 9001:2000 certified by International Standards Certifications Pty Limited Awarded the `Director's Work of World Class Quality Award' for the project executed for Proctor and Gamble in Goa 2001 Awarded the `National Award -Most Outstanding Bridge' for construction of Bhor bridge. Awarded the NIMA Excellence Award by the Nashik Industries and Manufacturer's Association. 2007 Awarded a certificate of involvement by the United States Environment Programme to Ashoka Group for the contribution by Ashoka Group to the 2007 Billion Tree Campaign. Awarded a certificate of registration `Environmental Management System 14001:2004; ISO 9001:2004; ISO 18001:2007' from International Standards Certifications Pty. Ltd. for complying with requirements of the International Standard 2008 Awarded a certificate of excellence in productivity, quality, innovation and management by the Institute of Economic Studies, New Delhi 2009 The Company received the Certificate of Registration regarding compliance with requirements of ISO 9001: 2000, ISO 14001:2004 and OHSAS 18001:2007. The said certificate was granted by International Standards Certifications Pty. Limited. 2010 The equity shares of Ashoka Buildcon Ltd (Scrip Code: 533271) are listed and admitted to dealings on the Exchange in the list of 'B' Group Securities Ashoka Build - Ashoka Buildcon announces construction completion and start of toll Project 2011 Ashoka Build - Successful bidder for Four Laning of Cuttack-Angul Section (112 KMs) The Company announces the receipt of Letter of Awards for Turnkey Power Distribution EPC Contracts aggregating to Rs. 156.51 Crores from Maharashtra State Electricity DistributionCompany Ltd (MSEDCL). 2012 The Company has acquired 50% equity shares of VIPL at par value, The Company now holds 99% of the paid-up share capital of VIPL. Ashoka Buildcon emerges as lowest bidder for Chennai-ORR project Tamilnadu 2013 -Ashoka Buildcon Ltd has has declared interim Dividend for the Financial year 2012-13 @ 20% i.e. Rs 2/- per Equity Share. -Ashoka Buildcon has announces bonus in the ratio of 1:2 -Ashoka Buildcon has splits its face value from Rs 10/- to 5/- 2014 -Ashoka Buildcon Ltd has received Letter of Award for the Project. -Honoured with prestigious Award - "Lokmat Presents Corporate Excellence Award - 2014". -The Institute of Engineers India has honoured the Company with the Best Award for promoting Green Building Concept and Infrastructure. -Company has bagged an award for the "Project of the year (Runner Up) " for its Dhankuni Kharagpur Road Project in the State of Kolkata. 2015 -Re-start of Toll Collection at Dewas Bypass Road Project -Ashoka Buildcon Ltd warded the Best Professionally Managed Company during the 7th CIDC Vishwakarma Awards -Ashoka Buildcon arm receives arbitral award 2016 -Ashoka Buildcon acquires 48% stake in JTCL. -Ashoka Buildcon bags project worth Rs 155.8 crore from National Highways & Infrastructure Development Corporation (NHIDCL) for road project. -Ashoka Buildcon gets 5 power projects worth Rs 950 crore in Bihar. - "Acquisition of stake in Mudhol Nipani SPV". -Ashoka Buildcon secures project worth Rs 179 crore from DVVNL 2017 - Ashoka Buildcon Ltd has "Receipt of Letters of Award for Power Project in the State of Bihar. -Ashoka Buildcon Ltd has been honoured with prestigious Award -"Infra Company of the Year Award" at the EPC World Awards held in Delhi. -Ashoka Buildcon Ltd. has won Letter of Award (LoA) from Mumbai International Airport to develop land parcels in village Sahar. - Ashoka Buildcon gets New project from National Highways Authority of India in Vizag in the State of Andhra Pradesh. -Ashoka Buildcon gets Rs 116.72 cr power project in Bihar 2018 -Ashoka Buildcon Ltd has issued Bonus Shares in the Ratio of 1:2 -Ashoka Buildcon Limited has 'Declaration of an Appointed Date for NHAI Project' -Ashoka Buildcon Limited has received Letter of Acceptance by RVNL, for the Project "Construction of roadbed, bridges -Ashoka Buildcon Ltd Awarded for Innovations in CSR Practices by ET Now Presents CSR Leadership Awards -2018 2019 -Ashoka Buildcon Limited has 'Receipt of Letter of Award (LOA) for NHAI Project -Ashoka Buildcon Limited has 'Receipt of LOA for Uttar Pradesh Expressways Industrial Development Authority Project' -Ashoka Buildcon Limited has'Receipt of provisional Completion certificate for KRDCL Project' 2020 -Ashoka Buildcon Ltd has acquired additional 1.6 crore shares in its arm Ashoka GVR Mudhol Nipani Roads Ltd -Ashoka Buildcon Limited has Acquired stake in Mudhol Nipani SPV 2021 -Ashoka Buildcon Limited has Acquired stake in shoka Concessions Limited -Ashoka Buildcon Limited has Received Work order for the execution of the work of construction of Rock fill embankment and subgrade work for Navi Mumbai International Airport Project' -Ashoka Buildcon Limited was Award for JNPT Road Project by Construction Week at the Equipment and Infra Awards 2021 -Ashoka Buildcon has receives letter of award from Ministry of Road Transport and Highways in respect of the project in Goa -Ashoka Buildcon has acquires 60% stake in Ashoka Bettadahalli Shivamogga Road Private Limited -Ashoka Buildcon Limited has Received NOA (Notification of Award) for Solar Project on EPC Basis 2022 -Ashoka Buildcon bags projects worth Rs 754.57 cr -Ashoka Buildcon achieves financial closure for NHAI road project (Baswantpur to Singondi) -Ashoka Buildcon bags Rs 208.89 cr project from East Central Railways. -Ashoka Buildcon receives LoA for Rs 693 crore project from Northeast Frontier Railway. - Ashoka Buildcon bags project worth Rs 112 cr for the construction of mall-cum multiplex.
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Parent Organisation
Ashoka Buildcon Ltd.
Founded
13/05/1993
Managing Director
Mr.Satish Parakh
NSE Symbol
ASHOKAEQ
FAQ
The current price of Ashoka Buildcon Ltd is ₹ 172.12.
The 52-week high for Ashoka Buildcon Ltd is ₹ 179.60 and the 52-week low is ₹ 171.63.
The market capitalization of Ashoka Buildcon Ltd is currently ₹ 4831.81. This value can fluctuate based on stock price movements and changes in the number of shares outstanding.
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The CEO of Ashoka Buildcon Ltd is Mr.Satish Parakh, who has been leading the company with a vision to expand its renewable energy portfolio and drive sustainable growth.