Ashoka Buildcon has secured an EPC contract from Banglore International Airport for construction of elevated western crossfield taxiways, apron and associated works (taxiway systems, pavement, drainage works, ancillary buildings and associated infrastructure facilities). The project is valued at Rs 1,055 crore. Powered by Capital Market - Live

The order includes construction of elevated western crossfield taxiways (the WCT), apron and associated works (taxiway systems, pavement, drainage works, ancillary buildings and associated infrastructure facilities). 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 2488.93 crore in Q2 FY25 over Q2 FY24.Powered by Capital Market - Live

Ashoka Buildcon has issued commercial paper of Rs 50 crore on 28 November 2024. Powered by Capital Market - Live

In a regulatory filing made after market hours yesterday, the company informed that it had submitted bid for a project to Madhya Pradesh Poorv Kshetra Vidyut Vitaran Company. The project involves the procurement, installation, testing, and commissioning of new 11 KV lines, LT lines, distribution transformer substations, and supporting infrastructure like distribution poles and transformers. This project aims to separate 11 KV mixed feeders and mixed distribution transformers under the KfW-funded Feeder Separation Project (FSP) Lot-I in Chhindwara. The project is expected to be completed within 24 months. The accepted bid project cost is Rs 192.69 crore. 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 2488.93 crore in Q2 FY25 over Q2 FY24. Powered by Capital Market - Live

Ashoka Buildcon has received notification of award for the project of Madhya Pradesh Poorv Kshetra Vidyut Vitaran Company, Jabalpur for Procurement entailing Supply, Installation, Testing and Commissioning of New 11 KV Lines, LT Line on AB Cable, Distribution Transformer Substation and Supporting works such as DPs, TPs, crossing etc. for separation of 11 KV Mix Feeders & Mix DTRs under project financing from KfW for Feeder Separation (FSP) Lot-I: Chhindwara. The accepted bid price is Rs 192.69 crore. Powered by Capital Market - Live

Ashoka Buildcon updates that the Company had submitted bid for the Projects of National Highways Authority of India (NHAI) and the Company was declared the Lowest Bidder for the following Projects: 1. 'Request for Proposal for Development of 4 lane Economic Corridor from Kharagpur to ChandrakonaGhatal Road Crossing Section Km 0.000 to Km 41.000 of NH 116A (Package-I) in the state of West Bengal under Hybrid Annuity Mode'. (Project 1) 2. 'Request for Proposal for Development of 4 lane Economic Corridor from Bowaichandi to GuskaraKatwa Road Section Km 89.814 to Km 133.000 of NH 116A (Package-3) in the state of West Bengal under Hybrid Annuity Mode' (Project 2). Further to update that the Company received Letter of Award for Project -2 on 25 November 2024, which was disclosed to the Exchanges on 25 November 2024. For Project -1, said Bid has been cancelled by NHAI for administrative reasons. The company stated,We understand that since the Company was the only Bidder for Project ' 1, the NHAI has cancelled the same for administrative reasons. NHAI has issued fresh Re-Bid Notice for Project -1 and the Company is eligible for re-bidding.Powered by Capital Market - Live

The tender was for the development of a 4-lane economic corridor from Kharagpur to Chandrakona Ghatal (Package-I) in West Bengal under the hybrid annuity mode (HAM). The said project has been cancelled by NHAI for administrative reasons. NHAI has issued fresh re-bid notice for said highway project and the company is eligible for re-bidding On 18 November 2024, the said order was received from NHAI, with a project cost of Rs 1,400 crore. 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 2488.93 crore in Q2 FY25 over Q2 FY24.Powered by Capital Market - Live

Mayank Sharma is MBA, M.Com graduate from M.D.S. University, Ajmer, Rajasthan, brings over two decades of extensive experience in business development, project management, and project execution in the renewable energy sector. Sharma has a proven track record of successfully developing and executing largescale projects, driving operational excellence and sustainable growth. Sharma will lead the renewable energy vertical, leveraging his in-depth industry knowledge and exemplary leadership abilities to strengthen our position in this growing sector. Prior to this, Mayank Sharma held senior leadership positions at H.G. Infra Engineering and Rays Power Infra, where Mayank consistently delivered remarkable business growth and operational success. Ashoka Buildcon is engaged in construction & maintenance of roads and supporting services to land support-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 2488.93 crore in Q2 FY25 over Q2 FY24.= Shares of Ashoka Buildcon fell 0.85% to currently trade at Rs 239.30 on the BSE.Powered by Capital Market - Live

The project involves the development of a 4-lane Economic Corridor from Bowaichandi to Guskara-Katwa Road Section (Km 89.814 to Km 133.000) on NH 116A in West Bengal under the Hybrid Annuity Mode. The total cost of the project is Rs 1,391 crore. The project is scheduled for completion within 910 days, including the monsoon period. Ashoka Buildcon is engaged in construction & maintenance of roads and supporting services to land support-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 2488.93 crore in Q2 FY25 over Q2 FY24. Powered by Capital Market - Live

The key equity indices traded with minor gains in early trade. The Nifty traded above the 24,300 level. All the sectorial indices on NSE were in the green with realty, IT and metal shares gaining the most. At 09:30 IST, the barometer index, the S&P BSE Sensex was up 230.79 points or 0.29% to 80,343.51. The Nifty 50 index rose 81.95 points or 0.34% to 24,303.85. In the broader market, the S&P BSE Mid-Cap index added 0.53% and the S&P BSE Small-Cap index rose 0.64%. The market breadth was strong. On the BSE, 1,689 shares rose and 720 shares fell. A total of 113 shares were unchanged. Foreign portfolio investors (FPIs) bought shares worth Rs 9,947.55 crore, while domestic institutional investors (DIIs) were net sellers to the tune of Rs 6,907.97 crore in the Indian equity market on 25 November 2024, provisional data showed. Stocks in Spotlight: Ashoka Buildcon added 3.06% after the company has received Rs 1,391 crore projects from National Highways Authority of India (NHAI). The project involves the development of a highway in West Bengal. Gulf Oil Lubricants India rose 2.23% after the company has signed partnership agreement with Piaggia Vehicles to extend collaboration in delivering co-branded lubricants across Piaggio's commercial vehicle segment. Acme Solar Holdings fell 3.84% after the company reported 60.4% decline in consolidated net profit to Rs 15.30 crore in Q2 FY25 as compared with Rs 38.63 crore in Q2 FY24. Revenue from operations fell 19.7% YoY to Rs 259.59 crore during the quarter. Numbers to Track: The yield on India's 10-year benchmark federal paper was up 1.57% to 6.929 as compared with previous close 6.940. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 84.2450, compared with its close of 84.2950 during the previous trading session. MCX Gold futures for 5 December 2024 settlement rose 0.24% to Rs 75,488. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.31% to 107.15. The United States 10-year bond yield added 0.47% to 4.283. In the commodities market, Brent crude for January 2024 settlement lost 21 cents or 0.29% to $73.22 a barrel. Global Markets: Asian stocks traded mixed on Tuesday following U.S. President-elect Donald Trump's announcement of proposed tariffs on China, Mexico, and Canada. Trump stated on his Truth Social platform that he plans to implement a 10% tariff on goods from China and a 25% tariff on imports from Mexico and Canada. He cited the need to address issues of illegal migration and drug trafficking across U.S. borders. Key U.S. economic data is due this week, with the Federal Reserve releasing the minutes from its latest FOMC meeting on Tuesday and U.S. GDP data expected on Wednesday. On Monday, U.S. stock benchmarks hit record highs. The Dow Jones Industrial Average rose 1%, the S&P 500 gained 0.3% to close at 5,987.40, and the NASDAQ Composite advanced 0.27% to 19,054.84. Markets were buoyed by the nomination of Scott Bessent as Treasury Secretary, continued flows into cyclical sectors, and reports of a potential ceasefire between Israel and Lebanon, which drove oil prices lower. Investors are also awaiting the PCE Price Index, the Federal Reserve's preferred inflation measure, later this week. Trading volumes are expected to remain light due to the Thanksgiving holiday.Powered by Capital Market - Live