Ashoka Buildcon receives order worth ₹568.86 Cr from Central RailwayAshoka Buildcon receives order worth ₹568.86 Cr from Central Railway

Introduction:

Leading infrastructure company has emerged as the Lowest Bidder (L-1) for a ₹568.86 crore project awarded by Central Railway. The project involves gauge conversion work between Pachora and Jamner in Maharashtra.

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Share price movement of Ashoka Buildcon:

On April 11, 2025, Ashoka Buildcon Ltd opened at ₹190.75, up 2.59% from its previous close of ₹185.90. The stock reached a high of ₹192.00 (3.29%) and a low of ₹185.80. By 4:00 PM, it traded at ₹186.40, a 0.27% increase, with a market cap of ₹5,232.68 crore.

Ashoka Buildcon Wins ₹568.86 Crore Railway Project:

Ashoka Buildcon Limited has emerged as the Lowest Bidder (L-1) for a ₹568.86 crore project awarded by Central Railway. The project involves construction work for the gauge conversion from Pachora to Jamner, excluding certain infrastructure.

The scope of work includes earthwork, major and minor bridges, rubs, P. Way work, and miscellaneous civil works. The project is part of the gauge conversion initiative for the 53.3 km stretch between Pachora and Jamner in Maharashtra.

The contract, with a bid value of ₹568.86 crore excluding GST, is a significant Engineering, Procurement, and Construction (EPC) project. Ashoka Buildcon is expected to complete the work within 30 calendar months.

Recent news on Ashoka Buildcon:

As of March 21, 2025, Ashoka Buildcon Ltd has reappointed Satish Parakh as managing director (MD) and Sanjay Londhe as whole-time director (WTD) for a three-year period starting April 1, 2025.

Stock performance of Ashoka Buildcon for Period of 1 week, 6 months, and 1 year:

Ashoka Buildcon Ltd delivered a 1.86% return over the past week, it declined by 27.3% in the past six months. The stock gained 8.96% over the past year.

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Shareholding pattern of Ashoka Buildcon:

Particulars	Dec 2024	Sep 2024	Jun 2024
Promoter	54.50%	54.50%	54.50%
FII	8.50%	8.00%	7.60%
DII	15.50%	18%	19%
Public	21.60%	20%	18.60%

About Ashoka Buildcon:

Ashoka Buildcon Ltd (NSE: ASHOKA) specializes in construction and infrastructure projects on EPC and BOT models. The company also engages in the sale of ready-mix concrete (RMC) for various infrastructure developments.

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.