Infra stock jumps after receiving LoA worth ₹311 Cr from Maharashtra State Electricity TransmissionInfra stock jumps after receiving LoA worth ₹311 Cr from Maharashtra State Electricity Transmission

Introduction:

Infra stock has received a Letter of Acceptance for the establishment of a 400/220 KV substation in Amravati, Maharashtra. The project is valued at ₹311.92 Crores and involves supply, erection, testing, and civil works, with an 18-month completion timeline.

Share Price movement of Ashoka Buildcon:

On March 11, 2025, Ashoka Buildcon Limited opened at ₹177.71, reaching a high of ₹180.20, up 0.17% from its previous close of ₹179.14. The stock is currently trading at ₹179.44, with a market capitalization of ₹5,037.30 crore.

Ashoka Buildcon share price rise:

Ashoka Buildcon Limited has received the Letter of Acceptance (LOA) for the establishment of a 400/220 KV substation at Nandgaon Peth, Dist. Amravati. The project, awarded by Maharashtra State Electricity Transmission Co. Limited (MSETCL), is valued at ₹311.92 Crores, including GST.

The project involves supply, erection, testing, and civil works for the turnkey establishment of the substation and associated transmission lines in the Amravati Zone. The completion period for the project is 18 calendar months, excluding the monsoon season, emphasizing the scale of the work involved.

This contract is awarded by a domestic entity, MSETCL, with no involvement of related parties. The terms of the agreement are at arm’s length, ensuring a transparent and commercially viable relationship between the parties.

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Recent news About Ashoka Buildcon:

​Ashoka Buildcon Limited has secured a ₹9,000 crore investment agreement with the Bihar government to establish a green hydrogen plant, including a 1,250 MW solar project in Begusarai. The first phase is expected to complete within 1.5 to 2 years. ​

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

Over the past week, Ashoka Buildcon has seen a positive return of 5.08%. However, the stock has experienced a decline of 27.4% over the past six months. Despite this, the stock has delivered a positive return of 8.93% over the past year.

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Shareholding pattern of Ashoka Buildcon:

All values in %	Dec 2024	Sept 2024	Jun 2024
Promoters	54.48	54.48	54.48
FII	8.52	7.95	7.63
DII	15.46	17.79	19.32
Retail & others	21.55	19.80	18.57

About Ashoka Buildcon:

Ashoka Buildcon Limited (NSE:ASHOKA) is an infrastructure company specializing in the construction and development of roads, bridges, and other infrastructure projects. The company has a strong presence in the Indian market, working on various public-private partnership projects and government contracts.

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.