Introduction:
Infra stock secured a Concession Agreement with NHAI on January 6, 2025, for developing a 4-lane Economic Corridor in West Bengal under the Hybrid Annuity Model, worth ₹1,391 crore, spanning 43 kilometers, enhancing regional connectivity and infrastructure.
Share Price movement of Ashoka Buildcon:
On January 7, 2025, Ashoka Buildcon Ltd opened at ₹290.00, hitting an intraday high of ₹293.90 and a low of ₹282.65. The current price is ₹292.10, up 5.09% from the previous close of ₹277.95, with a market cap of ₹8,197.12 crore.
Ashoka Buildcon share price rise:
Ashoka Buildcon Limited announced the execution of a Concession Agreement with the National Highways Authority of India (NHAI) on January 6, 2025. The agreement is for developing a 4-lane Economic Corridor from Bowaichandi to Guskara-Katwa Road in West Bengal under the Hybrid Annuity Model.
A wholly owned subsidiary, Ashoka Bowaichandi Guskara Road Private Limited (SPV), was formed for this project. The corridor spans Km 89.814 to Km 133.000 of NH 116A, aligning with the Concession Agreement’s requirements. The project’s accepted bid cost is ₹1,391 crore.
This development follows the receipt of the Letter of Award (LOA) on November 25, 2024. The project highlights Ashoka Buildcon’s continued commitment to infrastructure growth and aligns with regulatory guidelines under SEBI’s Listing Obligations and Disclosure Requirements Regulations, 2015.
Also Read: Ashish Kacholia stock jumps 4% after entering into 3 year agreement with Kiranakart Technologies
Recent news About Ashoka Buildcon:
On November 29, 2024, Ashoka Buildcon Limited secured a ₹1,055 crore contract from Bangalore International Airport for constructing Elevated Western Crossfield Taxiways, apron, and infrastructure, including taxiway systems, drainage, and buildings, enhancing airport connectivity and operations.
Stock performance of Ashoka Buildcon for Period of 1 week, 6 months and 1 year:
Ashoka Buildcon’s stock performance shows mixed trends over different periods. In one week, it declined by 10.7%. Over six months, it gained 15.8%. Over one year, the stock achieved an impressive return of 93.5%, reflecting strong long-term growth potential.
Shareholding pattern of Ashoka Buildcon:
| All values in % | Sep-24 | Jun-24 | Mar-24 |
| Promoters | 54.48 | 54.48 | 54.48 |
| FII | 7.95 | 7.63 | 7.23 |
| DII | 17.79 | 19.32 | 17.63 |
| Retail & others | 19.8 | 18.57 | 20.66 |
About Ashoka Buildcon:
Ashoka Buildcon is a leading infrastructure development company specializing in highways, bridges, and power projects. Known for innovative solutions and timely execution, it drives regional connectivity and economic growth while expanding its presence in urban infrastructure and renewable energy sectors.
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.
