Rs 11,104 crore order book: Civil construction company bags new orders worth Rs 1,391 crore from National Highways Authority of India (NHAI)
The company has a market cap of Rs 6,775 crore and its current order book as of September 30, 2024, stands at Rs 11,104 crore.
On Tuesday, the shares of Ashoka Buildcon Ltd gained 5. per cent to Rs 257.50 per share from its previous closing of Rs 233.10 with an intraday high of Rs 244.80 and an intraday low of Rs 238.50. The stock is up by 87 per cent from its 52-week low of Rs 130.95 per share. The shares of the company saw a spurt in volume by more than 2.06 times on BSE.
Ashoka Buildcon Limited has secured a significant contract from the National Highways Authority of India (NHAI) for the development of a 4-lane Economic Corridor on NH 116A in West Bengal. The project, awarded under the Hybrid Annuity Mode, is valued at Rs. 1,391 Crore (excluding GST) and is expected to be completed within 910 days, including monsoon periods. This domestic contract underscores Ashoka Buildcon's commitment to infrastructure development and its ability to successfully execute large-scale projects.
Ashoka Buildcon Ltd is engaged in the construction and infrastructure facilities business on an EPC (engineering, procurement and construction) and BOT (Build-Operate-Transfer) basis. It is also involved in the sale of RMC (ready-mix concrete). The company has a market cap of Rs 6,775 crore and its current order book as of September 30, 2024, stands at Rs 11,104 crore.
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In September 2024, FIIs increased their stake to 7.95 per cent compared to 7.63 per cent in June 2024. Investors should keep an eye on this Small-Cap stock for upcoming trading sessions.
Disclaimer: The article is for informational purposes only and not investment advice.