This Rs 2300 crore market cap company receives orders worth Rs 2285 crore!

The accepted Contract Value in aggregate for all the projects is Rs 2,285.02 crore

On Thursday, shares of Ashoka Buildcon zoomed more than 12 per cent to make an intraday high of Rs 85.75 apeice. The scrip witnessed a massive spurt in volume by more than 5.32 times.   

On April 06, 2023, the company announced that it has received letter of award from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for development of distribution infrastructure of many circles in the state of Maharashtra. The accepted Contract Value in aggregate for all the projects is Rs 2,285.02 crore.  

On March 31, 2023, the company informed the exchange that it has received Letter of Acceptance (LoA) from Ministry of Railways for which the accepted contract value of the project was Rs 284.65 crore.   

Ashoka Buildcon Ltd is engaged in the business of construction and infrastructure facilities on EPC and BOT basis. It is also involved in the sale of RMC (ready mix concrete). The company has a nationwide presence with a footprint across 22 states in India. It also has a presence in the country of Maldives.  

Keep a close eye on this trending smallcap stock.