Ashoka Buildcon shares surge after Rs 769 cr road project order

18 Dec 2021 CW Team

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

Infrastructure Urban

09 Jan 2026

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant advancement in the company's commitment to engineered performance, manu..

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..