Introduction:
Prominent infra company has received an order for a project from Madhya Pradesh Poorv Kshetra Vidyut Vitaran Company. The ₹192.69 crore project involves the procurement, installation, and commissioning of key electrical infrastructure for feeder separation.
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Share price movement of Ashoka Buildcon:
On November 28, 2024, Ashoka Buildcon Ltd opened at ₹238.30, up 1.36% from its previous close of ₹235.15. The stock reached a high of ₹242.60 (3.17%) and a low of ₹237.60. By 11:28 AM, it traded at ₹238.60, a 1.47% increase, with a market cap of ₹6,698.06 crore.
Ashoka Buildcon wins project:
Ashoka Buildcon Limited has received a Notification of Award (NOA) for a project from Madhya Pradesh Poorv Kshetra Vidyut Vitaran Company Limited. The company had submitted a bid for the project, which involves the procurement of key electrical infrastructure.
The accepted bid for the project is valued at ₹192.69 crore, excluding GST. The scope of work includes the supply, installation, testing, and commissioning of 11 KV lines, LT lines, distribution transformer substations, and associated supporting works for feeder separation.
The project, awarded under the Feeder Separation Project (FSP) Lot-I: Chhindwara, is to be completed within 24 calendar months. Ashoka Buildcon will execute the Engineering, Procurement, and Construction (EPC) work, with the financing provided by KfW under project terms.
Recent news on Ashoka Buildcon:
As of November 25, 2024, Ashoka Buildcon Ltd has received a ₹1,391 crore letter of award from NHAI. The project involves developing a four-lane corridor in West Bengal, with completion expected in 910 days under the hybrid annuity mode.
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Stock performance of Ashoka Buildcon for Period of 1 week, 6 months and 1 year:
Ashoka Buildcon has shown a 1.48% return over the past week. The company performed strongly over the last six months with a 28.2% return and a remarkable 74.5% return over the past year, indicating robust growth.
Shareholding pattern of Ashoka Buildcon:
| All values in % | Sep 2024 | Jun 2024 | Mar 2024 |
| Promoter | 54.50% | 54.50% | 54.50% |
| FII | 8.00% | 7.60% | 7.20% |
| DII | 17.80% | 19.30% | 17.60% |
| Public | 19.80% | 18.60% | 20.70% |
About Ashoka Buildcon:
Ashoka Buildcon Ltd (NSE: ASHOKA) is a leading infrastructure company specializing in EPC and BOT projects. It focuses on highways, power, railway works, city gas distribution, and smart infrastructure, with a presence across 20+ states in India.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
