This small-cap construction company bags an order worth Rs 2,161 crore!

The stock has jumped more than 18 per cent in the last 6 months.

On January 25, 2023, Ashoka Buildcon Limited informed in the exchange filing that it has received a Letter of Award (LoA) from the National Highway Authority of India (NHAI) for the project. The project involves the construction of a four-lane elevated corridor and grade improvements from the Danapur–Bihta section providing connectivity to the existing RoB near Danapur station to the four-lane section on the Danapur side and upgradation of the existing two-lane carriageway to four Lane carriageway from Bihta-Koilwar section (Total Length 25.081 Kms) in the state of Bihar on EPC Mode. The accepted contract value for the project is Rs 2,161 crore.

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 the construction of highways and bridges, the company is also engaged in Power Transmission and Distribution on an EPC basis.

On January 25, the stock opened at Rs 87 and made a high and low of Rs 89.70 and Rs 86.60. It closed trading at Rs 88.55, up by 1.20 per cent. The stock has a 52-week high of Rs 102.25 and a 52-week low of 69. The company has a ROCE of 26.0 per cent and an ROE of 49.7 per cent.