Hot Pursuit     07-Jan-25
Ashoka Buildcon jumps as arm inks NHAI deal worth Rs 1,391-cr
Ashoka Buildcon soared 5.13% to Rs 292 after its wholly-owned subsidiary, Ashoka Bowaichandi Guskara Road, has signed concession agreement with the National Highways Authority of India for the development of a 4-lane economic corridor in West Bengal.
The order entails the development of a 4-lane economic corridor from Bowaichandi to Guskara-Katwa road section 89.814 km to 133 km of NH 116A (package-3) in the state of West Bengal under hybrid annuity mode.

The project is valued at Rs 1,391 crore, and it is expected to be completed in 910 days, including the monsoon period. A special purpose vehicle (SPV) has been set up for the project's execution as per the concession agreement.

Ashoka Buildcon is engaged in the construction & maintenance of roads and supporting services to land support and operation of toll roads.

The company’s consolidated net profit surged 334.15% to Rs 462.46 crore on 15.53% jump in revenue from operations to Rs 2,488.93 crore in Q2 FY25 over Q2 FY24.

Previous News
  Ashoka Buildcon raises Rs 50 cr via CP issuance
 ( Corporate News - 30-May-24   09:15 )
  Ashoka Buildcon issues commercial paper of Rs 50 cr
 ( Corporate News - 28-Nov-24   18:04 )
  Nifty slides below 25,050; media shares under pressure
 ( Market Commentary - Mid-Session 16-Oct-24   10:31 )
  Ashoka Buildcon to announce Quarterly Result
 ( Corporate News - 27-Jan-24   14:28 )
  Ashoka Buildcon successfully bids for MMRDA road project
 ( Corporate News - 24-Aug-24   11:10 )
  Ashoka Buildcon update on road project in Karnataka
 ( Corporate News - 25-Jan-22   11:52 )
  Ashoka Buildcon bags LoA from CIDCO worth Rs 663 cr
 ( Hot Pursuit - 23-Jan-24   14:27 )
  Ashoka Buildcon secures work order for sewerage treatment plants
 ( Corporate News - 05-Feb-22   14:28 )
  Ashoka Buildcon consolidated net profit rises 343.72% in the December 2021 quarter
 ( Results - Announcements 14-Feb-22   08:23 )
  Ashoka Buildcon to conduct AGM
 ( Corporate News - 13-Sep-24   11:30 )
  Ashoka Buildcon emerges L1 bidder for NHIDCL road project in Assam
 ( Corporate News - 09-Sep-21   11:57 )
Other Stories
  HDFC Bank Q4 PAT rises 7% YoY to Rs 17,616 cr; NII rises 10%
  19-Apr-25   18:04
  Yes Bank Q4 PAT climbs 63% YoY to Rs 738 cr
  19-Apr-25   16:20
  Mastek Q4 PAT slides 14% QoQ to Rs 81 cr; recommends final dividend of Rs 16/sh
  19-Apr-25   14:31
  Tata Elxsi posts PAT of Rs 172 crore in Q4; EBITDA margin at 20.5%
  19-Apr-25   12:47
  Mahindra EPC records more than fourfold rise in Q4 PAT
  19-Apr-25   11:04
  Just Dial Q4 PAT climbs 36% YoY to Rs 158 cr
  19-Apr-25   10:02
  Jio Financial Services Q4 PAT rises 2% YoY to Rs 316 cr
  19-Apr-25   08:57
  HDFC Life Q4 PAT climbs 16% YoY to Rs 476 cr
  17-Apr-25   17:32
  Infosys Q4 PAT rises 3% QoQ to Rs 7,038 cr; declares dividend of Rs 22/sh
  17-Apr-25   17:25
  HDFC AMC rises after Q4 PAT jumps 18% YoY to Rs 639 cr; declares final dividend of Rs 90/sh
  17-Apr-25   17:11
Back Top