Ashoka Buildcon bags Rs 5.7B rail contract in Maharashtra

25 Apr 2025 CW Team

Ashoka Buildcon has secured a Rs 5.7 billion EPC contract from Central Railway for gauge conversion between Pachora and Jamner in Maharashtra. The project spans 53.3 km and includes earthworks, major and minor bridges, road under-bridges, permanent way work, and civil infrastructure—excluding the Pachora yard and any road over-bridges.

The company confirmed the receipt of the Letter of Acceptance (LoA) in a regulatory filing on April 22. The project is to be executed over 913 days and includes GST in the total contract value.

This win strengthens Ashoka Buildcon’s order book and reinforces its credentials in railway infrastructure. The company recently posted strong Q3 FY25 financials, with profit before tax jumping 62.4 per cent year-on-year to Rs 3 billion despite a 10.1 per cent revenue dip. EBITDA rose 7 per cent YoY to Rs 6.4 billion, with margins improving to 26.8 per cent from 22.5 per cent, underscoring operational efficiency and robust project execution.

Shares of Ashoka Buildcon closed at Rs 198 on the BSE, up 0.56 per cent.

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..