+
 Ashoka Buildcon shares surge after Rs 769 cr road project order
ROADS & HIGHWAYS

Ashoka Buildcon shares surge after Rs 769 cr road project order

Ashoka Buildcon Limited share price witnessed a price hike of 2% after receiving a letter of award (LoA) of Rs 769.41 crore road project in Goa.

The company said that it received an LoA from the Ministry of Road Transport and Highways (MoRTH) for a six-lanning link road with a paved shoulder configuration to Mopa Airport in Goa. The project is acquired in engineering, procurement and construction (EPC) mode.

The share was trading at Rs 98.05, having increased by Rs 2.15 or Rs 2.24. The intraday high was Rs 99.50, and the intraday low of Rs 96.20.

The Chief Financial Officer (CFO) of Ashoka Buildcon, Paresh Mehta, told the media that the execution of the major projects is to pick up from the fourth quarter (Q4) of FY22.

He said that the company saw the first delay in project execution in the second quarter (Q2) due to the monsoon season.

He further added that the company has an order book of nearly Rs 12,000 crore, out of which Rs 3,500 crore was in the last seven months.

Image Source

Also read: Ashoka Buildcon receives highway EPC contract worth Rs 1,567.45 cr

Ashoka Buildcon Limited share price witnessed a price hike of 2% after receiving a letter of award (LoA) of Rs 769.41 crore road project in Goa. The company said that it received an LoA from the Ministry of Road Transport and Highways (MoRTH) for a six-lanning link road with a paved shoulder configuration to Mopa Airport in Goa. The project is acquired in engineering, procurement and construction (EPC) mode. The share was trading at Rs 98.05, having increased by Rs 2.15 or Rs 2.24. The intraday high was Rs 99.50, and the intraday low of Rs 96.20. The Chief Financial Officer (CFO) of Ashoka Buildcon, Paresh Mehta, told the media that the execution of the major projects is to pick up from the fourth quarter (Q4) of FY22. He said that the company saw the first delay in project execution in the second quarter (Q2) due to the monsoon season. He further added that the company has an order book of nearly Rs 12,000 crore, out of which Rs 3,500 crore was in the last seven months. Image Source Also read: Ashoka Buildcon receives highway EPC contract worth Rs 1,567.45 cr

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code