Stock in Focus: Infrastructure company Ashoka Buildcon Ltd has bagged a new project worth ₹539.35 crore (including GST) from North Western Railway, Ajmer. Letter of Acceptance (LoA) has been issued to the company for this.
Ashoka Buildcon will upgrade the existing electric traction system of Railways from 1 x 25 kV to 2 x 25 kV under this project. This will double the power capacity and trains will be able to run faster with less energy. Along with this, Overhead Equipment (OHE) will also be upgraded so that the speed of trains can be increased up to 160 kmph.
Where will the work be done?
The project includes all work related to design, supply, installation, testing and commissioning. This upgradation will be done on many important routes of Ajmer division:
Overall the project is spread over 660 route km and 1,200 track km. This order has been given by the Chief Electrical Engineer (Project) of North Western Railway, Jaipur on behalf of the Government of India. The company will have to complete this work in 24 months.
Shares of Ashoka Buildcon
Ashoka Buildcon shares closed 0.77% lower at ₹199.16 on the NSE on Friday. The stock has given a return of 13.35% in the last 6 months. However, the stock is down 15.53% in 1 year. At the same time, this year i.e. in 2025 the stock has fallen by 35.01%. The market cap of the company is Rs 5.59 thousand crore.
Ashoka Buildcon’s business
Ashoka Buildcon is an infrastructure and construction company, which builds large projects like highways, expressways, bridges, railway systems, metros, power traction, electrification, water supply networks and city gas distribution across the country. The company operates in EPC (Engineering, Procurement and Construction) and BOT/Hybrid Annuity mode.
Its portfolio also includes high-tech projects like road construction, railway electrification and overhead equipment upgradation. This makes it a multi-segment infra company.
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