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Ashoka Buildcon Ltd

Thu 13/03/2025,15:59:11 | NSE : ASHOKA

₹ 172.12-4.71 (-2.66%)

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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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Buy

64.46%

Hold

18.61%

Sell

16.93%

64.46%

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Sell Order Quantity

100%

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Qty

0.00

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0.00

0

Bid Total

0

Bid Price

Qty

172.12

1905

0.00

0

0.00

0

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0

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Bid Total

1905

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News

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  • Ashoka Buildcon Ltd. - Announcement under Regulation 30 (LODR)-Credit Rating

    12 Mar 2025, 9:27PM Update on Credit Rating
  • Ashoka Buildcon Ltd. - Credit Rating- Revision

    12 Mar 2025, 9:20PM Ashoka Buildcon Limited has informed the Exchange about update on Credit Rating-
  • Ashoka Buildcon Ltd. - Intimation Under Regulation 52(7) And 52(7A) Of SEBI (Listing Obligations And Disclosure Requirements)

    11 Mar 2025, 6:21PM In terms of Regulation 52(7) of the SEBI (LODR) Regulations, 2015 (SEBI Listing Regulations, 2015) read with Master circular SEBI/HO/DDHS/PoD1/P/CIR/
  • Ashoka Buildcon Ltd. - Updates

    10 Mar 2025, 6:11PM Ashoka Buildcon Limited has informed the Exchange regarding 'Receipt of Letter of Acceptance (LOA) for Maharashtra State Electricity Transmission Co.
  • Ashoka Buildcon Ltd. - Receipt Of Letter Of Acceptance (LOA) For Maharashtra State Electricity Transmission Co. Limited (MSET

    10 Mar 2025, 5:59PM Pursuant to the provisions of Regulation 30 of the SEBI (LODR) Regulations, 2015, Ashoka Buildcon Limited informs that the Company had submitted bid f
  • Ashoka Buildcon Ltd. - Updates

    4 Mar 2025, 11:31AM Ashoka Buildcon Limited has informed the Exchange regarding 'Receipt of Provisional Certificate (COD) for NHAI Project'.
  • Ashoka Buildcon Ltd. - Receipt Of Provisional Certificate (COD) For NHAI Project

    4 Mar 2025, 11:20AM Ashoka Buildcon Limited informs the declaration of February 11, 2025 as the Commercial Operation Date (CoD) for stretch of 8.595 KMs vide letter issue
  • Ashoka Buildcon Ltd. - Issue of Securities

    27 Feb 2025, 4:47PM Ashoka Buildcon Limited has informed the Exchange about issue of Securities
  • Ashoka Buildcon Ltd. - Notice Of Shareholders Meetings-XBRL

    27 Feb 2025, 12:47PM ASHOKA BUILDCON LIMITED has informed the Exchange about Notice of Shareholders Meeting for Postal Ballot
  • Ashoka Buildcon Ltd. - Copy of Newspaper Publication

    27 Feb 2025, 12:29PM Ashoka Buildcon Limited has informed the Exchange about Copy of Newspaper Publication
  • Ashoka Buildcon Ltd. - Announcement under Regulation 30 (LODR)-Issue of Securities

    27 Feb 2025, 4:36PM Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, we wish to inform you that the Company has issued Commercial Papers (CP) of Rs. 50 Cro
  • Ashoka Buildcon Ltd. - Shareholders meeting

    26 Feb 2025, 7:05PM Ashoka Buildcon Limited has informed the Exchange about Shareholders meeting
  • Ashoka Buildcon Ltd. - Shareholder Meeting / Postal Ballot-Notice of Postal Ballot

    26 Feb 2025, 6:55PM Pursuant to Regulation 30 read with Para A of Part A of Schedule III of SEBI (LODR) Regulation, 2015, we forward herewith a copy of Postal Ballot Not
  • Ashoka Buildcon Ltd. - Updates

    24 Feb 2025, 5:40PM Ashoka Buildcon Limited has informed the Exchange regarding 'Redemption of Commercial Papers issued by the Company'.
  • Ashoka Buildcon Ltd. - Intimation of Repayment of Commercial Paper (CP)

    24 Feb 2025, 5:18PM We hereby inform that the entire redemption amount of Rs. 50 Crore has been paid by the Company on the due date, today i.e. February 24, 2025, includi
  • Ashoka Buildcon Ltd. - Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent

    21 Feb 2025, 12:17PM ASHOKA BUILDCON LIMITED has informed the Exchange about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Age
  • Ashoka Buildcon Ltd. - Outcome of Board Meeting

    21 Feb 2025, 11:34AM Ashoka Buildcon Limited has informed the Exchange regarding Board meeting held on February 21, 2025.
  • Ashoka Buildcon Ltd. - Board Meeting Outcome for Outcome Of The Board Meeting Under Regulation 30 Of SEBI (Listing Obligation

    21 Feb 2025, 11:32AM With reference to the captioned subject and pursuant to Regulation 30 of the Listing Regulations, please be informed that the Board of Directors of th
  • Ashoka Buildcon Ltd. - Analysts/Institutional Investor Meet/Con. Call Updates

    17 Feb 2025, 12:38PM Ashoka Buildcon Limited has informed the Exchange about Transcript
  • Ashoka Buildcon Ltd. - Announcement under Regulation 30 (LODR)-Earnings Call Transcript

    17 Feb 2025, 12:25PM Please find enclosed herewith the copy of Transcript of the Earnings Call held on February 11, 2025 in respect of Unaudited Standalone and Consolidate
  • Ashoka Buildcon Ltd. - Copy of Newspaper Publication

    12 Feb 2025, 3:02PM Ashoka Buildcon Limited has informed the Exchange about Copy of Newspaper Publication
  • Ashoka Buildcon Ltd. - Analysts/Institutional Investor Meet/Con. Call Updates

    11 Feb 2025, 4:47PM Ashoka Buildcon Limited has informed the Exchange about Link of Recording
  • Ashoka Buildcon Ltd. - Announcement under Regulation 30 (LODR)-Earnings Call Transcript

    11 Feb 2025, 4:37PM We have uploaded the Audio recording of the Result Update / Earnings Call held on February 11, 2025 in respect of Unaudited Standalone and Consolidate
  • Ashoka Buildcon Ltd. - General Updates

    10 Feb 2025, 11:33PM Ashoka Buildcon Limited has informed the Exchange copy of Result Update Presentation in respect of Unaudited Standalone and Consolidated Financial Res
  • Ashoka Buildcon Ltd. - Announcement under Regulation 30 (LODR)-Investor Presentation

    10 Feb 2025, 11:29PM Please find attached Result Update presentation on unaudited standalone and consolidated financial results for quarter ended 31-12-24.
  • Ashoka Buildcon Ltd. - Press Release

    10 Feb 2025, 11:11PM Ashoka Buildcon Limited has informed the Exchange regarding a press release dated February 10, 2025, titled ""Press Release in respect of Unaudited St
  • Ashoka Buildcon Ltd. - Announcement under Regulation 30 (LODR)-Press Release / Media Release

    10 Feb 2025, 10:55PM Please find attached herewith the press release in respect of the unaudited standalone and consolidated financial results for the quarter ended Decemb
  • Ashoka Buildcon Ltd. - Integrated Filing- Financial

    10 Feb 2025, 6:31PM With reference to the captioned subject and pursuant to Regulations 30 & 52 of the SEBI (LODR) Regulations, 2015, please be informed that the Board of
  • Ashoka Buildcon Ltd. - Integrated Filing (Financial)

    10 Feb 2025, 6:28PM Please be informed that the Board of Directors of the Company at its meeting held today i.e. February 10, 2025, through Video Conferencing at Ashoka H
  • Ashoka Buildcon Q3 net profit down 30.16% at Rs 60.52 cr

    10 Feb 2025, 6:00PM The company reported standalone net profit of Rs 60.52 crore for the quarter ended December 31, 2024 as compared to Rs 86.65 crore in the same period
  • Ashoka Buildcon Ltd. - Financial Result Updates

    10 Feb 2025, 5:54PM Ashoka Buildcon Limited has submitted to the Exchange, the financial results for the period ended December 31, 2024.
  • Ashoka Buildcon Ltd. - Outcome of Board Meeting

    10 Feb 2025, 5:51PM Ashoka Buildcon Limited has informed the Exchange regarding Board meeting held on February 10, 2025.
  • Ashoka Buildcon Ltd. - Results- Financial Results For The Quarter & Nine Months Ended December 31, 2024

    10 Feb 2025, 5:55PM PFA Unaudited Financial Results for the Quarter & Nine Months Ended December 31, 2024
  • Ashoka Buildcon Ltd. - Board Meeting Outcome for Outcome Of The Board Meeting Under Regulations 30, 33 & 52 Of SEBI (Listing

    10 Feb 2025, 5:48PM The Board of Directors of the Company at its meeting held today i.e. February 10, 2025, through Video Conferencing inter alia considered and approved
  • Ashoka Buildcon Ltd. - Analysts/Institutional Investor Meet/Con. Call Updates

    6 Feb 2025, 12:49PM Ashoka Buildcon Limited has informed the Exchange about Schedule of meet
  • Ashoka Buildcon Ltd. - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    6 Feb 2025, 12:30PM Please find enclosed herewith the Invite of Earnings call - Q3 & FY2025 of the Company to be held on Tuesday, 11 February 2025 at 12:00 pm IST.
  • Ashoka Buildcon Ltd. - Record Date For Commercial Paper Of Ashoka Buildcon Limited

    4 Feb 2025, 5:10PM In terms of the provisions of Chapter XVII of the referred Master Circular read with FAQs for listing of Commercial Papers issued by BSE Limited and a
  • Ashoka Buildcon Ltd. - Board Meeting Intimation

    3 Feb 2025, 3:34PM ASHOKA BUILDCON LIMITED has informed the Exchange about Board Meeting to be held on 10-Feb-2025 to inter-alia consider and approve the Unaudited Finan
  • Ashoka Buildcon Ltd. - Board Meeting Intimation for Notice Of Board Meeting - Regulations 29, 33 & 50 Of The SEBI (Listing Ob

    3 Feb 2025, 3:14PM ASHOKA BUILDCON LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 10/02/2025 ,inter alia, to consider and
  • Ashoka Buildcon Ltd. - Copy of Newspaper Publication

    22 Jan 2025, 12:31PM Ashoka Buildcon Limited has informed the Exchange about Copy of Newspaper Publication
  • Ashoka Buildcon Ltd. has submitted to BSE the Shareholding Pattern for the Period Ended December 31, 2024

    16 Jan 2025, 6:10PM As of December 2024, 54.47% is owned by Indian Promoters and 45.52% by Public. <p align=justify> Top five Promoters holding highest number of shares o
  • CCI approves Ashoka Buildcon&rsquo;s 34% stake buy in Ashoka Concessions

    15 Jan 2025, 11:37AM The Competition Commission of India (CCI) on Tuesday approved Ashoka Buildcon&rsquo;s proposal to acquire the remaining 34 per cent stake in Ashoka Co
  • Ashoka Buildcon Ltd. - Bagging/Receiving of orders/contracts

    6 Jan 2025, 6:57PM Ashoka Buildcon Limited has informed the Exchange about : Execution of Concession Agreement with National Highways Authority of India by its wholly ow
  • Ashoka Buildcon Ltd. - Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order

    6 Jan 2025, 6:51PM Execution of Concession Agreement with NHAI by Wholly Owned Subsidiary namely Ashoka Bowiachandi Guskara Road Private Limited
  • Ashoka Buildcon Ltd. - General Updates

    5 Jan 2025, 12:05AM Ashoka Buildcon Limited has informed the Exchange regarding allotment of shares under Rights issue to the Company by Viva Infrastructure Limited, a wh
  • Ashoka Buildcon Ltd. - Announcement under Regulation 30 (LODR)-Acquisition

    4 Jan 2025, 8:07PM The Company informs that its wholly owned subsidiary Viva Infrastructure Limited has allotted 4002250 shares of Rs.10/- each to the Company aggregatin
  • Ashoka Buildcon Ltd. - General Updates

    31 Dec 2024, 8:38AM Ashoka Buildcon Limited has informed the Exchange about signing of SPA regarding sale/disposal of stake in SPVs (defined below) of Ashoka Buildcon Li
  • Ashoka Buildcon Ltd. - Intimation Regarding Signing Of SPA For Sale/Disposal Of Stake In Spvs (Defined Below) Of Ashoka Build

    31 Dec 2024, 8:49AM The Company announces the signing of securities purchase agreement with Epic Concesiones 2 Private limited for inter alia sale of entire share capital
  • Ashoka Buildcon Ltd. - Trading Window-XBRL

    27 Dec 2024, 5:43PM Ashoka Buildcon Limited has informed the Exchange about Closure of Trading Window
  • Ashoka Buildcon Ltd. - General Updates

    27 Dec 2024, 5:22PM Ashoka Buildcon Limited has informed the Exchange about Closure of Trading Window
  • Ashoka Buildcon Ltd. - Issue of Securities

    26 Dec 2024, 4:02PM Ashoka Buildcon Limited has informed the Exchange about issue of Securities - Commercial Papers ( CPs ) of Rs.50 Crore on December 26, 2024
  • Ashoka Buildcon Ltd. - Issuance Of Securities - Commercial Papers

    26 Dec 2024, 3:49PM Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, we wish to inform you that the Company has issued Commercial Papers (CPs) of Rs. 50 Cr
  • Ashoka Buildcon bags Rs 312 cr contract from MSETCL

    11 Mar 2025 , 9:53AM Receives Letter of Acceptance (LOA) for Maharashtra State Electricity Transmission Co. Ltd (MSETCL) Project
  • Ashoka Buildcon

    15 Jan 2025 , 11:01AM CCI has approved Ashoka Buildcon's proposal to acquire the remaining 34% stake in Ashoka Concessions Ltd (ACL). Following this approval, ACL will become a wholly-owned subsidiary of Ashoka Buildcon.
  • Ashoka Buildcon arm inks contract with NHAI

    7 Jan 2025 , 10:04AM The total project is valued at Rs. 1,391 crore and to be completed in around 2-3 years.
  • Ashoka Buildcon

    7 Jan 2025 , 9:09AM Company’s wholly owned subsidiary of the Company has executed a Concession Agreement with National Highways Authority of India (NHAI) for Development of 4 lane Economic Corridor from Bowaichandi to Guskara-Katwa Road Section Km 89.814 to Km 133.000 of NH 116A (Package-3) in the state of West Bengal under Hybrid Annuity Mode. The total project is valued at Rs 1,391 crore and to be completed in around 2-3 years. Positive
  • Ashoka Buildcon

    28 Nov 2024 , 10:34AM The company informs receipt of Notification of Award from Madhya Pradesh Poorv Kshetra Vidyut Vitran Co. for procurement, for supply installation, testing and Commissioning of New 11 KV lines Lot: I Chhindwara, for accepted bid price Rs.192.69 Crore plus GST. Neutral read thru for the stock.
  • Ashoka Buildcon

    26 Nov 2024 , 10:40AM The company has received a letter of award for a road project worth Rs 1,391 crore from NHAI. The project involves the development of a 4-lane economic corridor from Bowaichandi to Guskara-Katwa road section of NH 116A (Package-3) in West Bengal under the Hybrid Annuity Mode. Positive for the stock.
  • Ashoka Buildcon

    19 Nov 2024 , 10:48AM The Company has been declared as the Lowest bidder for 2 Projects of National Highways Authority of India (NHAI), the aggregate quoted bid cost of both the Projects is Rs.2791 Crore. Positive for the stock.
  • Ashoka Buildcon

    31 Oct 2024 , 9:52AM Ashoka Concessions (ACL), a material subsidiary of Ashoka Buildcon, has entered into share purchase agreements with Indian Highway Concessions Trust inter alia for sale of the entire share capital held in its five subsidiaries (Ashoka Highways (Bhandara); Ashoka Highways (Durg); Ashoka Belgaum Dharwad Tollway; Ashoka Sambalpur Baragarh Tollway and Ashoka Dhankuni Kharagpur Tollway) collectively, at an aggregate consideration of up to Rs. 2,539 Crore (EV of Rs. 5718 crore). Positive
  • Ashok Buildcon

    14 Oct 2024 , 10:02AM The company has received letter of acceptances for two projects aggregating Rs. 1999.99 crore (excluding GST) from Maharashtra State Road Development Corporation. Additionally, it received letter of acceptance for one project of Rs. 310 crore (excluding GST) from Maharashtra State Road Development Corporation. Positive for the stock.
  • Ashoka Buildcon up as JV emerges lowest bidder for order of Rs. 1,668 cr

    10 Oct 2024 , 1:07PM Ashoka Buildcon JV is announced as the lowest bidder for Rs. 1,668 cr CIDCO project
  • Ashoka Buildcon

    3 Oct 2024 , 10:10AM The company received letters of awards for three projects from MMRDA 1) Design and construction of Creek Bridge from Kolshet to Kalher for Rs. 288.18 crores plus GST 2) Design and Construction of Creek Bridge from Gaimukh to Payegaon for Rs. 975.58 crores plus GST 3) Design and Construction of Elevated Road from Kalyan Murbad Road to Badlapur Road to Pune Link Road parallel to Waldhuni River Crossing Over Karjat- Kasara Railway Line Including Slip Road for Rs. 474.10 crore plus GST. Positive for the stock
  • Ashoka Buildcon

    6 Sep 2024 , 10:02AM The Company has been apprised by Viva Highways, a wholly owned subsidiary, that the land owned by it under its Real Estate Portfolio, situated at Hinjewadi, Pune, has been monetized at a total consideration of Rs. 453 Crore. Positive for the stock.
  • Ashoka Buildcon

    5 Aug 2024 , 9:41AM The Company had submitted bids to Mumbai Metropolitan Region Development Authority (MMRDA) for the two Projects. The Company has emerged as the Lowest Bidder (L-1) for the Two Projects with an aggregate bid price of Rs. 1281 crore. Positive for the stock.
  • Ashoka Buildcon

    3 Jun 2024 , 9:52AM The Company has emerged as Lowest Bidder for the Two Projects of Maharashtra State Road Development Corporation at a quoted bid price totalling Rs. 2152.72 crore. Positive for the stock.
  • Ashoka Buildcon enters into a SPA with GVR Infra Proj

    14 Mar 2024 , 11:24AM Ashoka Buildcon enters into a SPA with GVR Infra Proj to acquire an additional 50% stake in GVR Ashoka Chennai ORR for Rs. 185 cr
  • Ashoka Buildcon

    11 Mar 2024 , 12:06PM The Company informs the declaration of October 31, 2023 as the Commercial Operation Date (CoD) for stretch of 1.28 KMs, in addition to stretch of 37.92 KMs already received w.e.f. November 19, 2022 (First CoD), for its Hybrid Annuity Mode (HAM) Project of NHAI viz. “Four laning of NH-161 from Kandi to Ramsanpalle in Telangana”. Further consequent upon the declaration of CoD, the SPV is eligible for receipt of an additional Annuity from NHAI for the operation period of 15 years at the interval of 6 months. Positive for the stock.
  • Ashoka Buildcon

    29 Jan 2024 , 10:53AM The Company has submitted bid to NHAI for the Project viz. ‘Request for Proposal for Six laning of Aurangabad to Bihar-Jharkhand Border (Chordaha), Section of NH-2 in Bihar on EPC Mode’. The Company has emerged as the Lowest Bidder (L-1) for the Project, the Bid Value of which is Rs. 520 Crore, excluding GST. Positive for the stock.
  • Ashoka Buildcon

    21 Sep 2023 , 10:51AM Viva Highways (VHL), a wholly owned subsidiary of the Company, has acquired 100, fully paid-up, 9.21%, non-convertible debentures and 200 fully paid-up, 9.24%, non-convertible debentures, of Rs. 10,00,000/- each, issued by Ashoka Concessions, through open market purchase for an aggregate consideration of Rs. 30.6221 Crore.
  • Ashoka Buildcon

    28 Jun 2023 , 10:30AM As per media reports, Sekura is in talks with the company to acquire a portfolio of 11 HAM projects worth $670 million from Ashoka Concessions, a subsidiary of the company. Positive for the stock.
  • Ashoka Buildcon gets NoA from North Bihar Power Distribution Company

    8 Mar 2023 , 10:32AM Ashoka Buildcon receives Notification of Award (NoA) from North Bihar Power Distribution Company Ltd (NBPDCL) for a project worth Rs 366.67 Crore
  • Ashoka Buildcon

    17 Jan 2023 , 11:16AM The Company informs the declaration of November 19, 2022 as the Commercial Operation Date (CoD) for its Hybrid Annuity Mode (HAM) Project Kandi Ramsanpalle in Telangana. Further, consequent to the declaration of CoD, the SPV is eligible for receipt of Annuity payments from NHAI for the operation period of 15 years at the interval of every 6 months from the date of achievement of CoD. The Company also announced that the said project has received a Provisional Certificate for completion of 37.92 kms out of 39.980 kms. Positive for the stock.
  • Ashoka Buildcon

    9 Jan 2023 , 9:41AM Ashoka Buildcon: The company has emerged as a lowest bidder for Rs. 2161 crore project viz. four laning of elevated corridor of Bihta-Koilwar section in Bihar on EPC mode. Additionally, The Company had submitted its bid to the Dakshinanchal Vidyut Vitran Nigam for the following Projects. 1) Development of distribution infrastructure at Aligarh-2 Zone of Uttar Pradesh; and 2) Development of Distribution Infrastructure At Agra-1 Zone of Uttar Pradesh. The Company has received Letters of Intent from the Authority. The aggregate accepted Bid Project Value for the Projects is Rs.807.64 Crore. Positive for the stock.
  • Ashoka Buildcon bags project worth Rs. 754.57 cr

    29 Dec 2022 , 10:35AM Ashoka Buildcon awarded projects worth Rs. 754.57 cr from Madhya Pradesh PoorvKshetra Vidyut Vitaran Company
  • Ashoka Buildcon

    29 Dec 2022 , 10:25AM Ashoka Buildcon: The company has received three projects worth Rs 754.57 crore from Madhya Pradesh Poorv Kshetra Vidyut Vitaran Company. Positive
  • Ashoka Buildcon gets LoA from NHAI for a project worth Rs. 1,668.50 crore

    2 Dec 2022 , 2:14PM Receipt of Letter of Acceptance (LOA) for Project
  • Ashoka Buildcon declare as lowest bidder for a project worth Rs. 1,668.50 cr

    30 Nov 2022 , 11:08AM Ashoka Buildcon declare lowest bidder for a project worth Rs. 1,668.50 cr in Kerala
  • Ashoka Buildcon

    26 Sep 2022 , 11:38AM The Company’s Wholly Owned Subsidiary viz. Viva Infrastructure (VIL) has acquired 49% stake held by IIF and the Company has acquired One Equity Share, held by IDFC in Ashoka Highways (Bhandara). This is pursuant to share purchase agreement by the Company and Ashoka Concessions with India Infrastructure Fund (IIF). Post-acquisition of 49% stake by VIL, Ashoka Concessions, a subsidiary of the Company along with the Company and VIL hold 100% shares in AHBL w.e.f. September 23, 2022.
  • Ashoka Buildcon

    22 Sep 2022 , 9:35AM The Company had submitted its bid to the South Western Railway (SWR) and the Company has received a Letter of Acceptance (LOA) from SWR for the Project viz. ‘Construction of New BG Line including Electrical & Telecommunication Works Between Tolahunse (Ex.) & Bharmasagar (Ex.) Stations on EPC Mode’. The accepted Bid Project Cost for the Project is Rs.258.12 Crore. The completion period is 24 months from the date of Appointed Date. Positive for the stock.
  • Ashoka Buildcon gets LoI for project

    12 Aug 2022 , 10:22AM Ashoka Buildcon receives LoI from Provident Palmvista Residential for a project worth Rs. 254.5 crore
  • Ashoka Buildcon JV emerges lowest bidder for project of Rs. 611 crore

    4 Jul 2022 , 11:42AM Lowest Bidder For Project
  • Ashoka Buildcon

    4 Jul 2022 , 9:41AM The company’s JV (65% stake) has emerged as the lowest bidder for Construction and Maintenance of Rajiv Gandhi Fintech Digital Institute, Jodhpur with a bid project cost of Rs. 611 crore. The construction period is 18 months from commencement date. Positive for the stock.
  • Ashoka Buildcon

    27 Jun 2022 , 11:00AM Further to the receipt of LoA on June 7, 2022, the company has executed a Contract Agreement with Government of the co-operative Republic of Guyana on June 24, 2022, for the Project viz. 'Request for Proposal for Procurement of Phase 1: East Bank-East Coast Road Linkage Project. The accepted bid project cost is $106.4 million with a construction period of 730 days.
  • Ashoka Buildcon gets Letter of Acceptance for project worth $106 m in Guyana

    7 Jun 2022 , 11:02AM Receives LoA from the Authority for the Project
  • Ashoka Buildcon

    3 Jun 2022 , 9:49AM Ashoka Buildcon: As per media reports, National Investment and Infrastructure Fund (NIIF), is in advanced talks to acquire Jaora-Nayagaon toll project (Ashoka buildcon holds 35.18% stake), valuing the project in the vicinity of Rs. 1,000 crore. The deal is expected to be signed in a month. Positive for the stock.
  • Ashoka Buildcon

    2 Jun 2022 , 10:18AM Ashoka Highways (Bhandara) (AHBL), a subsidiary of Ashoka Concessions, a subsidiary of the Company, has received an amount of Rs.97.37 Crore inclusive of interest towards full and final settlement in respect of all the claims, counter claims, negative/positive change of scope of work etc. and various other disputes under the Concession Agreement. These disputes did arise between AHBL and NHAI during the execution and operation of the Concession. Positive for the stock.
  • Ashoka Buildcon gets LOA for NHAI project worth Rs. 1,079 cr

    31 Mar 2022 , 1:43PM Recieves Letter of Award (LOA) for NHAI Project
  • Ashoka Buildcon

    11 Mar 2022 , 12:10PM Ashoka Buildcon: The company informed the declaration of October 25, 2021 as the Commercial Operation Date (CoD) for its Hybrid Annuity Mode (HAM) Project for the Project viz. Six Laning of Belgaum - Khanapur in Karnataka. Further, consequent to the declaration of CoD, the SPV is eligible for receipt of Annuity payments from NHAI for the operation period of 15 years at the interval of every 6 months from the date of achievement of CoD. The Company also announced that the said SPV has received a Provisional Certificate for completion of 16.345 KMs out of total Project highway Length of 30.800 KMs. Positive for the stock.
  • Ashoka Buildcon gets LoA from Northeast Frontier Railway

    24 Feb 2022 , 1:00PM Ashoka Buildcon gets letter of acceptance for a project in Assam worth Rs. 692 crore
  • Stock Update: Ashoka Buildcon

    17 Feb 2022 , 9:49AM Stock Update: Ashoka Buildcon: Strong execution & order inflow outlook
  • Ashoka Buildcon Q3FY2022 Results

    14 Feb 2022 , 11:38AM Ashoka Buildcon Q3FY2022 Results: Company writes back Rs. 326 crore in consolidated financials related to ACL stake sale leading to Rs. 392.5 crore consolidated net profit
  • Ashoka Buildcon-led consortium bags Rs. 1,046-cr order

    7 Feb 2022 , 12:35PM Order involves 'Designing, Providing, Constructing and commissioning modernized and fully-automated package/modular Sewage Treatment Plants
  • Ashoka Buildcon bags order Rs. 111.5 cr for work of construction of Mall cum Multiplex

    19 Jan 2022 , 10:54AM Receives Letter of Intent (101) for construction of mall cum Multiplex
  • Ashoka Buildcon emerges lowest bidder for a NHAI project in Karnataka

    14 Jan 2022 , 11:08AM Lowest Bidder (L-1) for National Highways Authority of India project
  • Ashoka Buildcon

    27 Dec 2021 , 11:45AM Ashoka Concessions Limited (ACL), a subsidiary of Ashoka Buildcon Limited (ABL), has entered into share subscription and share purchase agreements with Galaxy Investments II Pte. Ltd., an affiliate of funds, vehicles and entities managed and/or advised by Kohlberg Kravis Roberts & Co. L.P., for sale of the entire share capital in its five road SPVs. The deal is concluded at Rs.1337 Crore subject to adjustments for cash and debt like items as agreed under the respective share subscription and purchase agreements. While the said deal value is lower than expectations, it should aid ABL garner growth capital. Positive
  • Ashoka Buildcon gets order worth Rs 262.17 crore

    16 Dec 2021 , 12:35PM Receives Work order for the execution of the work of construction
  • Ashoka Buildcon bags LoA for construction project

    15 Dec 2021 , 11:15AM Receives LOA for The Ministry of Road Transport & Highways project
  • Ashoka Buildcon emerge as L-1 bidder for Road Ministry project

    3 Dec 2021 , 11:49AM Lowest Bidder (L-1) for Ministry of Road Transport & Highways Project
  • Stock Update: Ashoka Buildcon

    16 Nov 2021 , 10:07AM Stock Update: Ashoka Buildcon: Muted Q2; Outlook healthy
  • Stock Update: Ashoka Buildcon

    16 Nov 2021 , 10:06AM Stock Update: Ashoka Buildcon: Muted Q2; Outlook healthy
  • Ashoka Buildcon

    12 Oct 2021 , 10:35AM The HAM project viz. Six Laning of Khairatunda to Barwa Adda Section of NH-2 in Jharkhand received Commercial Operation Date (CoD) as October 09, 2021 The project is eligible for receipt of Annuity payments from NHAI for the operation period of 15 years at the interval of every 6 months from the date of achievement of CoD. The Company also announces that the said project has received a Provisional Certificate for completion of 36.40 KMs out of total Project highway Length of 40.33 KMs. Positive for the stock.
  • Ashoka Buildcon

    24 Sep 2021 , 10:04AM Ashoka Buildcon: The company acquired 60% stake in Ashoka Bettadahalli Shivamogga Road (step down subsidiary executing Tumkur-Shivamogga HAM project at cost of Rs. 1157 crore) for Rs. 30 lakh from Ashoka Concessions Limited. The transaction will help the Company in attaining financial closure and availing bank financing for the project. Positive for the stock.
  • Ashoka Buildcon

    9 Sep 2021 , 2:20PM : The Company has emerged as the Lowest Bidder (L-1) at the quoted Bid Price of Rs.282.11 Crore for Widening/Improvement to 4 Lane with Paved Shoulder of Kwaram Taro Village — Dillai Section (Package-6) of NH 29 in Assam on EPC mode by National Highways & Infrastructure Development Corporation. Positive for the stock.
  • Ashoka Buildcon emerges lowest bidder for a project in Assam worth Rs 282.1 cr

    9 Sep 2021 , 11:08AM Ashoka Buildcon emerges as the Lowest Bidder (L-1) and the quoted Bid Price of the Project is Rs. 282.11 crore
  • Ashoka Buildcon secures order for upgrading national highway in WB

    6 Sep 2021 , 12:18PM Receives LOA for EPC work form Adani Road Transport
  • Ashoka Buildcon

    6 Sep 2021 , 9:16AM Ashoka Buildcon: The Company has received Letter of Award from Adani Road Transport of Rs. 1567.45 crore in respect of the Project viz. 'Execution of Civil & associated works on Engineering, Procurement & Construction (EPC) basis of Six Laning of National Corridor NH-19 from Pangarh to Palsit in West Bengal'. Positive for the stock.
  • Ashoka Buildcon Q1FY2022 Results

    10 Aug 2021 , 5:34PM Consolidated net revenues up 68.5% y-o-y while net profit stood at Rs. 80 crore
  • Ashoka Buildcon bags Rs. 600 crore contract

    30 Jul 2021 , 12:28PM Ashoka Buildcon wins the contract for developing Mumbai's Grand Port Hospital
  • Ashoka Buildcon gets LoA from NHAI for Rs. 726 crore project

    13 Jul 2021 , 11:38AM Receives LoA for National Highways Authority of India project
  • Ashoka Buildcon

    13 Jul 2021 , 10:03AM Ashoka Buildcon: The company received Letter of Acceptance from NHAI for Rs. 726 crore EPC project in Punjab, for which it was the lowest bidder as per the company’s announcement dated 11th June 2021. Positive for the stock.
  • Ashoka Buildcon

    9 Jul 2021 , 1:51PM Ashoka Buildcon: The Company has received Letter of Award (LOA) from IRCON International having a contract value of Rs. 482.34 crore in respect of the Project, viz. ''Provision of supply, Erection, Testing & Commissioning of Electro Mechanical (E&M) System which includes 33/11kV & 11/0.433kV GIS Substations, 33kV & 11kV Power Cable network, DG Sets, Ventilation & Control System, Lighting, UPS System, Fire Fighting System & SCADA System, etc. and associated works complete in all respect as required for Tunnel T-14 & T-15 + T-40/41 on Dharam-Katra Section of USBRL Project (J&K). Positive for the stock.
  • Ashoka Buildcon gets letter of award worth Rs. 482.3 cr from Ircon Intl

    9 Jul 2021 , 11:32AM Receipt of LoA for Ircon International Project
  • Stock Update – Ashoka Buildcon Q4FY2021 Results Review

    23 Jun 2021 , 9:10AM Stock Update – Ashoka Buildcon Q4FY2021 Results Review – Healthy Q4, Eyes on asset monetization
  • Ashoka Buildcon Q4FY2021 Results

    21 Jun 2021 , 10:17AM Consolidated net revenues up 9.6% y-o-y while fall in OPM by 226bps y-o-y leads to 5.9% y-o-y rise in net profit. Standalone performance came in better than estimates led by better than expected OPM.
  • Ashoka Buildcon

    28 May 2021 , 9:12AM Ashoka Buildcon gets letter of acceptance for projects worth Rs 1,018 cr in Maldives from FAHI DHIRIULHUN CORPORATION, a State-owned company of the Government of the Republic of the Maldives, for the Project viz. ‘Design and Construction of 2000 Social Housing Units in Hulhumale’, on EPC basis. Positive for the stock.
  • Ashoka Buildcon

    16 Apr 2021 , 9:18AM Ashoka Buildcon: The Company has received a Letter of Award (LOA) from Gujarat Rail Infrastructure Development Corporation for the Project viz. 'Gauge Conversion of Bechraji (63.83 KM) - Ranuj (101.983 KM) Section, with 25 KV AC Electrification in Ahmedabad Division of Western Railway'. The accepted Project Cost is Rs.333.6 Crore. Positive for the stock.
  • Ashok Buildcon

    13 Apr 2021 , 5:01PM Ashoka Buildcon: The company has emerged as the lowest bidder for Rs. 333.6 crore for the project viz. Gauge Conversion of Bechraji (63.83 KM) – Ranuj (101.983 KM) Section by Bahucharaji Rail Corporation, Gandhinagar, represented by the Gujarat Rail Infrastructure Development Corporation. Positive for the stock.
  • Ashoka Buildcon

    12 Apr 2021 , 10:23AM As per media reports, the National Investment and Infrastructure Fund (NIIF), has emerged as the buyer of the hybrid annuity road assets of Ashoka Concessions (Ashoka Buildcon has 61% stake) for an equity value of around $100 million. Positive for the stock.
  • Ashoka Buildcon to buy 49% stake in Ashoka Highways

    4 Mar 2021 , 1:31PM Ashoka Buildcon enters into SPA with IIF for acquiring 49% stake in SPV
  • Ashoka Buildcon

    18 Feb 2021 , 9:10AM As per media reports, Canada’s Brookfield Asset Management Inc., National Investment and Infrastructure Fund (NIIF) and private-equity firm Actis have placed bids to buy Ashoka Concessions (Ashoka Buildcon holds 61% stake) in a deal with an implied equity value of around $350 million. Positive for the stock.
  • Ashoka Buildcon Q3FY2021 Results

    8 Feb 2021 , 11:18AM Ashoka Buildcon Q3FY2021 Results: Consolidated net revenues rise 2% y-o-y which along with rise in OPM by 234bps y-o-y leads to 2.7x rise in net profit. Standalone performance came in marginally below estimates.
  • Ashoka Buildcon

    21 Jan 2021 , 3:52PM Ashoka Buildcon: The Company had submitted Bids to NTPC Renewable Energy (NTPC) in respect of the Project viz. EPC PACKAGE OF 150 MW SOLAR PV PROJECT IN RAJASTHAN for which the Company has received Notification of Award which includes Operation and Maintenance of complete Solar PV Plant for a period of three years from the date of successful completion of trial run. The accepted Bid Value / Project Cost of the Project is Rs.502.33 Crore exclusive of GST. Positive for the stock.
  • Ashoka Buildcon gets order of Rs. 502.3 cr from NTPC

    21 Jan 2021 , 2:32PM Ashoka Buildcon receives Notification of Award or Solar Project on EPC Basis
  • Ashoka Buildcon

    7 Dec 2020 , 10:25AM As per media reports, Actis plans to pick up a 100% stake in Ashoka Concessions (subsidiary of Ashoka Buildcon with 61% stake) through Actis Long Life Infrastructure Fund potentially valuing ACL at an EV of around $1.2 billion and equity value of $350 million.
  • Stock Update – Ashoka Buildcon

    3 Dec 2020 , 10:51AM Stock Update – Ashoka Buildcon–Improving industry outlook to aid in value unlocking
  • Ashoka Buildcon

    26 Oct 2020 , 11:39AM The company’s wholly owned subsidiary, Ashoka Kandi Ramsanpalle Road, received NHAI letter dated October 23, 2020 for the Approval for achievement of Financial closure as on October 05, 2020 for the HAM Project viz. 'Four laning of NH-161 from Kandi to Ramsanpalle in Telangana. The Bid Project Cost is Rs.1,000 Crore. Positive for the stock.
  • Ashoka Buildcon

    15 Oct 2020 , 11:50AM The company yesterday during market hours announced declaration of September 24, 2020 as the Commercial Operation Date (CoD) for its Hybrid Annuity Mode (HAM) Project of NHAI on October 13, 2020, for the Project viz. 4/6 laning from Ranastalam to Anandapuram (Visakhapatnam) section of NH05 (New NH-16) in Andhra Pradesh. Further to inform that consequent to the declaration of CoD, the project SPV is eligible for receipt of Annuity payments from NHAI within 6 months from the date of achievement of CoD i.e. 6 months from September 24, 2020. Positive for the stock
  • Ashoka Buildcon

    15 Sep 2020 , 10:11AM The Company has received Letters of Award (LOAs) from NHAI in respect of the two EPC Projects aggregating Rs. 1390 crore. The company on September 8, 2020 had announced that it has emerged as the lowest bidder from these projects.
  • Ashoka Buildcon gets LoA from NHAI

    14 Sep 2020 , 3:32PM Ashoka Buildcon gets order for 2 EPC projects worth Rs 1,390 cr under Bharatmala-I
  • Ashoka Buildcon

    8 Sep 2020 , 10:12AM The company has emerged as the lowest bidder for two EPC packages - Arrah to Pararia and Pararia to Mohania in Bihar for an aggregate value of Rs. 1390 crore. Positive for the stock. We have a Positive view on the stock.
  • Ashoka Buildcon emerges as lowest bidder

    8 Sep 2020 , 9:53AM Ashoka Buildcon emerges as the lowest bidder for two NHAI projects
  • Ashoka Buildcon

    13 Aug 2020 , 11:46AM Viewpoint – Ashoka Buildcon Limited Q1FY2021 Results Review– Maintaining healthy operational performance
  • Ashoka Buildcon

    12 Aug 2020 , 10:26AM Ashoka Buildcon Q1FY2021 Results: Higher than expected execution and OPM in standalone operations (EPC business) limits loss on consolidated level
  • Ashoka Buildcon

    17 Jun 2020 , 11:05AM Viewpoint – Ashoka BuildconLimited Q4FY2020 Results Review – Foundations firming up
  • Ashoka Buildcon

    16 Jun 2020 , 10:33AM Ashoka Buildcon Q4FY2020 Results: Healthy execution along with strong uptick in margins boosts net earnings
  • Ashoka Buildcon

    1 Jun 2020 , 12:38PM The company informs the declaration of March 31, 2020 as the Commercial Operation Date (CoD) for its Hybrid Annuity Mode Project of NHAI on May 28, 2020, for the Project viz. 4/6 laning of Kharar to Ludhiana section of NH-95 in Punjab.
  • Ashoka Buildcon

    30 Mar 2020 , 12:20PM The operations of the Company at all locations have been temporarily shut-down in view of the emergency situation arising due to spread of Novel Coronavirus (COVID-19). As per the directions of the Ministry of Road Transport & Highways (MoRTH)/ NHAI, operations at all toll plaza of the Project SPVs of the Company have been closed. As per the company, the prevailing condition may be treated as Force Majeure as per Concession Agreement and Project SPVs are entitled for relief as per terms of the Concession Agreement. Given the uncertainty around the situation it is difficult to ascertain the impact of the pandemic COVID-19 on the business operations of the Company at this point of time.
  • Ashoka Buildcon SPV executes concession agreement for NHAI road project

    20 Mar 2020 , 11:29AM Ashoka Buildcon executes concession agreement with NHAI for Karnataka project of Rs 1,036 cr
  • Ashoka Buildcon

    12 Feb 2020 , 12:25PM Viewpoint – Ashoka Buildcon Limited Q3FY2020 Results Review– Weak EPC execution; Outlook remain positive
  • Ashoka buildcon

    10 Feb 2020 , 12:11PM Ashoka buildcon Q3FY2020 Consolidated Results
  • Ashoka Buildcon

    6 Jan 2020 , 11:48AM Ashoka Kandi Ramsanpalle Road Private Limited, SPV of Ashoka Buildcon has executed a Concession Agreement with NHAI on January 03, 2020, for the Project viz. "Four laning of NH-161 from Kandi to Ramsanpalle in Telangana under Bharatmala Pariyojna on Hybrid Annuity Mode". The accepted Bid Project Cost is Rs.1,000.00 Crore. Positive for the stock.
  • Ashoka Buildcon receives LOA from UPEIDA for road project

    29 Nov 2019 , 10:20AM Receipt of LOA for Uttar Pradesh expressways Industrial Development Authority Project
  • Ashoka Buildcon

    25 Nov 2019 , 1:08PM Ashoka Buildcon’s subsidiary Ashoka Concessions has received a Letter of Award from NHAI for the Project Four laning of NH-161 from Kandi to Ramsanpalle in Telangana under Bharatmala Pariyojna on Hybrid Annuity Mode. The accepted Bid Project Cost is Rs.1,000 Crore. Positive for the stock
  • Ashoka Buildcon arm bags highway project worth Rs. 1000 crore

    25 Nov 2019 , 10:59AM Ashoka Buildcon's subsidiary Ashoka Concessions receives LOA from NHAI project
  • Ashoka Buildcon arm declares lowest bidder

    18 Nov 2019 , 3:12PM Lowest bidder for NHAI project
  • Ashoka Buildcon

    14 Nov 2019 , 11:02AM Ashoka buildcon Q2FY2020 Consolidated Results: Strong growth in BOT revenues leads to OPM expansion and consolidated net profit of Rs. 18 crore versus net loss of Rs. 2.5 crore in Q2FY2019
  • Road Sector

    23 Oct 2019 , 12:07PM As per media reports, NHAI has created a pipeline of projects worth Rs. 7-8 lakh crore, to be recommended to the committee set up by the finance ministry. These projects will be awarded between the current fiscal and FY2022. These projects are likely to be bid out under the EPC mode. Positive read thru for stocks like KNR Construction, Ashoka Buildcon, Sadbhav Engineering among others
  • Ashoka Buildcon bags an order worth Rs. 313.72 crore

    9 Oct 2019 , 12:32PM Ashoka Buildcon bags order from SRIT India worth Rs. 313.72 crore
  • Ashoka Buildcon Q1FY2020 Results

    14 Aug 2019 , 10:45AM Healthy revenue growth led by BOT nullified by increase in below the operating line expense; Net loss widens
  • Ashoka Buildcon likely to formally launch a stake sale process

    30 May 2019 , 10:25AM Ashoka Buildcon: As per media reports, Edelweiss Infrastructure backed Sekura Roads, Cube Highways & Infrastructure and CDPQ are in early stages of negotiations to acquire Ashoka Concessions (Ashoka Buildcon holds 66% stake) for an EV of Rs. 5000-6000 crore. The company is likely to formally launch a stake sale process within next week and hopes to conclude it within a couple of quarters. View: The stake sale and exit of SBI Macquarie (holds 34% stake in Ashoka Concessions) will be positive for Ashoka Buildcon as it will significantly deleverage its balance sheet and free up its equity for future investment in projects. We have a positive view on Ashoka Buildcon.
  • Macquarie eyes exit from roads platform Ashoka Concessions

    14 May 2019 , 10:03AM Ashoka Buildcon: As per media reports, Macquarie has started the process of appointing an investment banker to advise it on exits its 34% stake in Ashoka Concessions (balance stake being held by Ashoka Buildcon). An exit may materialize in the form of sale of road assets or a stake sale at Ashoka Concessions.
  • Ashoka Buildcon JV wins Rs. 443 crore contract from RVNL

    18 Apr 2019 , 10:53AM Ashoka Buildcon wins order worth Rs 443 crore from RVNL
  • Ashoka Buildcon gets LoI for Jharkhand project

    18 Mar 2019 , 10:04AM Ashoka Buildcon gets letter of intent for projecct worth Rs. 169.22 crore in Jharkhand
  • Ashoka Buildcon emerge as lowest bidder for Rail Vikas Nigam

    5 Mar 2019 , 10:06AM Emerged as the Lowest Bidder (L-1) for Package 2, the Quoted Value of which is Rs.443.23 crore
  • Ashoka Buildcon emerges lowest bidder for NHAI project in Karnataka

    21 Feb 2019 , 3:35PM Lowest bidder for NHAI project. Bid project cost at Rs. 1,382 crore
  • Ashoka Buildcon Q3 net profit at Rs. 62.2 crore

    31 Jan 2019 , 9:18AM Ashoka Buildcon Q3 net profit rises by 32.3% y-o-y to Rs. 62.2 crore
  • Ashoka Buildcon wins arbitration awards from NHAI

    28 Jan 2019 , 10:24AM Received Arbitration award for Bhandara road project
  • Ashoka Buildcon board approves allotment of NCDs worth Rs. 150 crore

    28 Dec 2018 , 10:51AM Ashoka Buildcon’s board approves raising Rs. 150 crore via non-convertible debentures
  • Ashoka Buildcon gains on rasing fund from Morgan Stanley

    18 Dec 2018 , 10:45AM Ashoka Buildcon surges over 8% to Rs. 137.7, after its arm raises fund from Morgan Stanley
  • Ashoka Buildcon receives LoA by Rail Vikas Nigam

    10 Dec 2018 , 10:25AM Ashoka Buildcon gets Letter of Acceptance by Rail Vikas Nigam Limited, for the project in connection with 3rd Line
  • Ashoka Buildcon receives 1384 additional toll days

    10 May 2018 , 11:56AM Positive read through for Ashoka Buildcon.
  • Ashoka Buildcon arm gets arbitral award

    10 May 2018 , 11:21AM Ashoka Buildcon receives 1384 additional toll days as arbitral award and Rs37.71 crore towards compensation for toll loss
  • Ashoka Buildcon bags order from DVVNL

    17 Apr 2018 , 11:58AM Ashoka Buildcon bags order worth Rs756.79 crore from DVVNL for electrification work in Uttar Pradesh
  • Ashoka gains on emerging lowest bidder for road projects

    21 Mar 2018 , 11:02AM Ashoka Buildcon rises over 15% at Rs265, after company emerge as lowest bidder for road construction projects in Maharashtra
  • Ashoka Buildcon Ltd arm emerges lowest bidder for NHAI Project

    19 Mar 2018 , 11:30AM Positive reads through for Ashoka Buildcon as it emerges as lowest bidder for Rs.1687 crore NHAI Project.
  • Ashoka Buildcon emerges lowest bidder for three hybrid annuity projects

    7 Mar 2018 , 9:44AM Positive read through for Ashoka Buildcon as it emerges lowest bidder for three hybrid annuity projects totaling Rs2991.7 crore.
  • Macquarie Asia Investment Fund bags 30 year toll operate transfer deal

    1 Mar 2018 , 10:28AM Positive read through for Ashoka Buildcon
  • Book profit for Ashoka Buildcon Limited

    5 Jan 2018 , 10:22AM Delay in order intake and project-specific issues may weigh heavy for Ashoka Buildcon.
  • Ashoka Buildcon reports standalone Q2 net sales decline

    13 Nov 2017 , 10:35AM Ashoka Buildcon Q2FY2018 Results: Lower execution along with pressure on operating margins dents earnings
  • Ashoka Buildcon's standalone net earnings doubled in Q1FY2018

    10 Aug 2017 , 8:49AM Ashoka Buildcon Q1FY2018 Results: Standalone net earnings rises 2x to Rs62 crore led by robust execution.

Key fundamentals

Evaluate the intrinsic value of Ashoka Buildcon Ltd stock 

Name March-24 March-23 March-22 March-21 March-20
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

Shareholding Pattern

Corporate Action

XD-Date Dividend-Amount Dividend-% Dividend Yield(%GE) Price on that day
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.

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