Rs 11,104 Crore Order Book: Small-Cap Civil Construction Company Declared Lowest Bidder (L1) for NHAI Projects Worth Rs 2,791 Crore in West Bengal
The company has emerged as the lowest bidder (L-1) for two EPC projects from the National Highways Authority of India (NHAI) in West Bengal.
Ashoka Buildcon has emerged as the lowest bidder (L-1) for two EPC projects from the National Highways Authority of India (NHAI) in West Bengal. The projects are valued at a combined Rs 2,791 crore and will be undertaken under the Hybrid Annuity Model (HAM).
The first project entails the development of a 4-lane economic corridor from the Kharagpur to Chandrakona-Ghatal Road Crossing section of NH 116A (Package-I) in West Bengal. The quoted value for this construction project stands at Rs 1,400 crore, with a stipulated construction period of 910 days.
The second project involves the creation of a 4-lane economic corridor from Bowaichandi to the Guskara-Katwa Road section of NH 116A (Package-3) in West Bengal, with a quoted construction cost of Rs 1,391 crore. This project also has a construction timeline of 910 days.
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Q2 FY25 Financial Performance
Ashoka Buildcon posted a 334.15 per cent increase in consolidated net profit, reaching Rs 462.46 crore from Rs 106.45 crore in Q2 FY24. The company’s revenue from operations rose 15.53 per cent to Rs 2,488.93 crore in Q2 FY25, compared to Rs 2,154.31 crore in Q2 FY24.
EBITDA increased by 65.77 per cent to Rs 905.11 crore from Rs 545.98 crore reported in the same quarter of the previous fiscal year. The EBITDA margin expanded by 1,100 basis points, standing at 36.37 per cent in Q2 FY25, up from 25.34 per cent in Q2 FY24.
As of 30 September 2024, the company’s order book amounted to Rs 11,104 crore, down from Rs 14,795 crore recorded on 30 September 2023.
Ashoka Buildcon Ltd is engaged in the business of construction and infrastructure facilities on an EPC and BOT basis. It is also involved in the sale of RMC (ready-mix concrete). Ashoka Buildcon Ltd has a market cap of Rs 6,449.62 crore.
Disclaimer: This article is for informational purposes only and not investment advice.