Ashoka Buildcon soars 9% to all-time high on Rs 21.52 billion order win

05 Jun 2024 CW Team

Construction company Ashoka Buildcon's stock surged by as much as 9.05 percent, reaching a record high of Rs 199.90 per share on Monday.

This increase followed the announcement that the company had secured two contracts worth Rs 210.50 million from the Maharashtra State Road Development Corporation (MSRDC).

In an exchange filing, Ashoka Buildcon stated that the company had emerged as the lowest bidder for two projects for the Maharashtra State Road Development Corporation.

The first project entails constructing a major bridge across Jaigad Creek between Tawsal and Jaigad on the Revas Reddi coastal highway (SH (Special) No. 5) in Ratnagiri district, valued at Rs 7.94 billion. This project is to be completed within 36 months, including the monsoon season.

The second project involves building a major bridge across Kundalika Creek between Revdanda and Salav on the Revas Reddi coastal highway (SH (Special) No. 5) in Ratnagiri district, with a value of Rs 13.57 billion. This project is also expected to be finished within 36 months, including the monsoon season.

Established in 1993, Ashoka Buildcon specializes in infrastructure construction on both engineering, procurement, and construction (EPC) and build-operate-transfer (BOT) bases, as well as in the sale of ready-mix concrete.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..