Ashoka Buildcon Secures Rs 3.11 Bn Power Project in Maharashtra

13 Mar 2025 CW Team

Ashoka Buildcon has been awarded a turnkey project worth Rs 3.11 billion (including GST) by Maharashtra State Electricity Transmission (MSETCL). The project involves the development of a 400/220 KV sub-station at Nandgaon Peth in Amravati district, along with associated transmission lines under the Amravati zone.

The scope of work includes the supply, erection, testing, commissioning, and civil works necessary for establishing a reliable power transmission infrastructure. The construction timeline is set for 18 calendar months from the date of the contract award, excluding the monsoon period to ensure seamless execution.

Despite a decline in revenue, Ashoka Buildcon reported a 62.4 per cent year-on-year (YoY) increase in profit before tax, reaching Rs 3.06 billion in Q3 FY24. The growth in profitability was driven by operational efficiencies and improved project margins. During the quarter, revenue stood at Rs 23.87 billion, reflecting a 10.1 per cent decrease compared to Rs 26.57 billion in the corresponding period of the previous year.

However, effective cost management contributed to a 7 per cent Y-o-Y growth in EBITDA, which rose to Rs 6.38 billion from Rs 5.97 billion. The EBITDA margin also saw a notable expansion, improving from 22.5 per cent in Q3 FY23 to 26.8 per cent in Q3 FY24. This performance highlights the company’s strong execution capabilities and financial resilience despite revenue fluctuations.

With the new project from MSETCL, Ashoka Buildcon continues to strengthen its presence in the power transmission sector, reinforcing its position as a key infrastructure player in India.

News source: IIFL Capital

Resources

09 Mar 2026

Haworth India Hosts Women’s Leadership Panel Series

Haworth India marked International Women’s Day by hosting a leadership roundtable series titled ‘Give to Gain’, bringing together senior women leaders from architecture and design firms, corporates and project management consultancies. The series has been conducted in Delhi and Mumbai, with upcoming sessions scheduled in Bengaluru and Hyderabad on 27 March 2026. Structured as moderated panel discussions followed by audience interaction, the initiative examined the business impact of women’s leadership and the role of inclusive workplaces in supporting professional growth. Manish Khan..

Max Estates Secures RERA For Max One Project

Max Estates has secured RERA approval (UPRERA No.: UPRERAPRJ9759) for its Max One development around Max Towers in Sector 16B, Noida, bringing renewed progress to a project previously stalled following the insolvency of its earlier developer. Spread across around 10 acres with an estimated development potential of about 2.5 million sq ft, Max One is planned as an integrated mixed-use campus combining serviced residences, premium offices, retail spaces and a private club. The project is expected to generate total sales potential of about Rs 20 billion along with an estimated annuity rental inc..

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..