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.

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