Stock in Focus: Construction engineering company Ashoka Buildcon Limited has received a work order worth ₹447.21 crore. This order has been given by Brihanmumbai Municipal Corporation (BMC) for the ongoing flyover project on Sion-Panvel Highway.
For what work did you get the new order?
The new order includes construction of Arm-1 and Arm-2 of the flyover at T-junction in M/E ward of Maharashtra Nagar. This contract has been given by BMC on percentage-based rate. This is the same project that the company is already making and now its scope has been expanded.
Total cost of the project was ₹1573 crore
After this additional work, the cost of the entire project has increased to ₹1,573.79 crore. The company has clarified that the promoter or the promoter group has no connection with this contract and it does not fall in the category of related-party transaction.
Deadline extended to 13 January 2028
Ashoka Buildcon told the stock exchanges that this new work order is an extension of the same project, which the company had disclosed on October 15, 2024. With the addition of new work, the deadline for the entire project has now been extended to January 13, 2028.
Status of Ashoka Buildcon shares
Shares of Ashoka Buildcon closed 1.92% lower at ₹160.75 on the BSE on Friday. The stock has fallen 19.95% in the last 1 month. It has fallen 27.96% in the last 6 months. This year i.e. in 2025 the stock has fallen by 47.51%. The market cap of the company is Rs 4.51 thousand crore.
Ashoka Buildcon’s business
Ashoka Buildcon is a large infrastructure company. It mainly works like highways, flyovers, bridges, railway projects and power transmission. The company takes up many big projects related to roads and cities from the government and various agencies.
Ashoka Buildcon works on models like EPC, Hybrid Annuity and BOT. Road construction is its biggest business, but the company is also gradually increasing its presence in water supply and urban development projects.
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