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.

Resources

09 Mar 2026

Haworth India Hosts Women’s Leadership Panel Series

Haworth India marked International Women’s Day by hosting a leadership roundtable series titled ‘Give to Gain’, bringing together senior women leaders from architecture and design firms, corporates and project management consultancies. The series has been conducted in Delhi and Mumbai, with upcoming sessions scheduled in Bengaluru and Hyderabad on 27 March 2026. Structured as moderated panel discussions followed by audience interaction, the initiative examined the business impact of women’s leadership and the role of inclusive workplaces in supporting professional growth. Manish Khan..

Max Estates Secures RERA For Max One Project

Max Estates has secured RERA approval (UPRERA No.: UPRERAPRJ9759) for its Max One development around Max Towers in Sector 16B, Noida, bringing renewed progress to a project previously stalled following the insolvency of its earlier developer. Spread across around 10 acres with an estimated development potential of about 2.5 million sq ft, Max One is planned as an integrated mixed-use campus combining serviced residences, premium offices, retail spaces and a private club. The project is expected to generate total sales potential of about Rs 20 billion along with an estimated annuity rental inc..

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..