Ashoka Buildcon Shares Surge 4% on Project Win Worth Rs 568.86 Crore from Central Railway

Market Performance

Ashoka Buildcon shares continued their upward momentum on April 23, 2025, rising by 4% in early trading. This increase follows the company's receipt of a Letter of Acceptance (LoA) from Central Railway for a significant project. The stock was priced at Rs 206.00 at 09:16 am, up by Rs 8.00, or 4.04%. The price increase is part of a fourth consecutive session of gains for Ashoka Buildcon.

Main News

The project, valued at Rs 568.86 crore, involves various construction works, including developing major and minor bridges, earthwork, and other civil tasks related to gauge conversion from Pachora to Jamner (approximately 53.3 km). The Engineering, Procurement, and Construction contract is projected to be finished within a 30-month.

In addition to the Central Railway project, Ashoka Buildcon received a LoA from Maharashtra State Electricity Transmission Co. (MSETCL) for a Rs 311.92 crore project. These developments reflect the company's continued growth in the infrastructure sector.

Company Details

Ashoka Buildcon is a well-established infrastructure company specializing in engineering, procurement, and construction (EPC) contracts. The company has recently been active in expanding its portfolio of projects, with significant wins in the railway and energy sectors.

Earlier this month, Ashoka Buildcon also sold a 51% stake in Prakashmaan Renewable Energy to Sunbreeze Renewables for Rs 1.98 crore.

Financial Performance Highlights

• Stock Price Movement:
  • Current Price: Rs 206.00
  • Change: +4.04% (Rs 8.00)
  • 52-week High: Rs 319.00
  • 52-week Low: Rs 158.05
  • Market Capitalization: Rs 5,782.90 crore

Summary of the Article

Ashoka Buildcon shares saw a 4% increase in value after the company secured a major Rs 568.86 crore project from Central Railway. The contract involves significant infrastructure work and is expected to be completed in 30 months. This follows a recent LoA from MSETCL for another project worth Rs 311.92 crore, reinforcing Ashoka Buildcon's strong position in the infrastructure sector.