Ashoka Buildcon soars 6% after BMC awards major new flyover work in MumbaiAshoka Buildcon soars 6% after BMC awards major new flyover work in Mumbai

Introduction

Leading infrastructure developer secures Rs.447.21 crore additional BMC order for Sion Panvel Highway flyover, increasing total project value to Rs.1,573.79 crore, with completion scheduled by January 2028.

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Share price movement of Ashoka Buildcon

On December 8, 2025, Ashoka Buildcon Ltd opened at ₹165.05, up 2.27% from its previous close of ₹161.45. The stock reached a high of ₹170.90 (5.86%) and a low of ₹163.80. By 11:03 AM, it traded at ₹165.75, a 2.66% increase, with a market cap of ₹4,652.99 crore.

Ashoka Buildcon Bags Rs.447 Crore BMC Order

Ashoka Buildcon Limited has received a work order from Brihanmumbai Municipal Corporation (BMC) for additional scope in its existing flyover project on Sion Panvel Highway, Maharashtra. The order is domestic.

The additional work involves construction of Flyover Arm-1 and Arm-2 at the T Junction in M/E Ward. The cost of the additional scope is Rs.447.21 crore, including taxes, raising total project value to Rs.1,573.79 crore.

The revised timeline for completing the existing and additional work is January 13, 2028. The project will continue under percentage rate contract terms, with execution handled by Ashoka Buildcon Limited.

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

Ashoka Buildcon Ltd delivered a -7.40% return over the past week. It declined by 26.2% in the past six months and fell 42.1% over the past year.

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Shareholding pattern of Ashoka Buildcon

Particulars	Sep 2025	Jun 2025	Mar 2025
Promoter	54.50%	54.50%	54.50%
FII	7.50%	7.30%	7.50%
DII	14.10%	14.20%	14.90%
Public	24.00%	24.10%	23.10%

About Ashoka Buildcon

Ashoka Buildcon Ltd (NSE: ASHOKA) is a construction and infrastructure company engaged in EPC and BOT projects. The company also supplies ready-mix concrete (RMC) and manufactures switchgear concrete for diverse projects.

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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.

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