This infrastructure company wins orders worth of Rs 754.57 crores

Shares of this company gained more than 3 per cent in the morning trade.

Ashoka Buildcon Limited informs that the Company had submitted its bid to the Madhya Pradesh PoorvKshetra Vidyut Vitaran Company Ltd. for the three Projects. Today the company received notification of award from the authority. The company will supply, install, test and commission of New 11 KV Lines, LT Line on AB cable, Distribution Transformer Substation and Supporting works such as DPs, TPs, Crossing etc. for separation of 11 KV mix Feeders & Mix DTRs under Revamped Reforms-based and Results-linked Distribution Sector (Package-06) in Balaghat circle of MPPKVVCL, Jabalpur Company Area.

For the second project the company will do the same project in Satna circle of MPPKVVCL, Jabalpur Company Area. In the third project the company will do the same project in sector package 7 in Rewa circle of MPPKVVCL, Jabalpur company area.

Ashoka buildcon is one of the leading highway developers in India. The company is an integrated EPC and BOT player. It has a portfolio of various PPP projects, which is the largest in number by any private player in India. Besides construction of highways and bridges the company is also engaged in power transmission and distribution on EPC basis.

Today, the stock opened at Rs 90.50, with a high and low of Rs 91.85 and Rs 89.60. The stock previously closed at Rs 88.15. Currently the stock is trading at Rs 89.55, up by 1.59 per cent. 

In the last six months, the shares of the company have given more than 18 per cent returns and on a YTD basis, the stock has given -13 per cent returns.  

The stock has a 52-week high of Rs 108.50 and a 52-week low of Rs 69.00. The company has a ROCE of 26 per cent and an ROE of 49.7 per cent with a market capitalisation of Rs 2513.88 crore.