Ashoka Buildcon will hold a meeting of the Board of Directors of the Company on 12 November 2024Powered by Capital Market - Live

The key equity benchmarks traded with minor losses in morning trade. The Nifty traded below the 25,050 mark. Media shares declined after advancing in the past trading session. At 10:30 ST, the barometer index, the S&P BSE Sensex, was down 62.25 points or 0.08% to 81,767.12. The Nifty 50 index shed 16 points or 0.06% to 25,041.35. In the broader market, the S&P BSE Mid-Cap index shed 0.03% and the S&P BSE Small-Cap index rose 0.02%. The market breadth was strong. On the BSE, 1,924 shares rose and 1,292 shares fell. A total of 137 shares were unchanged. Result Today Bajaj Auto (down 0.52%), L&T Technology Services (up 0.50%), Aditya Birla Money (up 2.51%), South Indian Bank (up 1.38%), CRISIL (down 0.87%), Accelya Solutions India (down 0.12%), Himadri Speciality Chemical (up 0.14%), Mphasis (down 0.22%), Pasari Spinning Mills (up 0.48%), Pondy Oxides & Chemicals (down 0.35%), Rajnish Wellness (up 7.64%), Shah Metacorp (up 1.26%), Tips Music (down 3.04%) and Vivid Mercantile (down 3.57%) will announced their quarterly earnings later today. Buzzing Index: The Nifty Media index fell 1.21% to 2,044.25. The index rose 0.62% in the past trading session. Network 18 Media & Investments (down 2.4%), Saregama India (down 1.53%), Tips Music (down 1.13%), PVR Inox (down 1.11%) and Hathway Cable & Datacom (down 0.97%), Nazara Technologies (down 0.26%), Zee Entertainment Enterprises (down 0.26%), Dish TV India (down 0.22%), Sun TV Network (down 0.13%) declined. Stocks in Spotlight: Ashoka Buildcon rallied 2.18% after the civil construction company received letter of acceptance (LoA) for projects totalling to Rs 1,126.58 crore from the Brihanmumbai Municipal Corporation (BMC). RailTel Corporation of India surged 8.06% after the company informed that it has received work order from Maharashtra Housing And Area Development Authority (MHADA) amounting to Rs 79.84 crore. Powered by Capital Market - Live

The project includes construction of flyover arm1, arm-2 at T Junction on Sion Panvel Highway, Maharashtra Nagar in M/E ward. The accepted bid price for the project is Rs 1,126.58 crore and it will be executed within 30 months. Ashoka Buildcon is engaged in construction & maintenance of roads and supporting services to land support-operation of toll roads. The company has reported a standalone net profit of Rs 40.8 crore in Q1 FY25, which is significantly higher as compared with Rs 16.4 crore in Q1 FY24. Total income jumped 22% YoY to Rs 1,900.8 crore during the period under review. Powered by Capital Market - Live

Ashoka Buildcon has received the letter of acceptance from Brihanmumbai Municipal Corporation for the construction of Flyover Arm1 Arm-2 at T Junction on Sion Panvel Highway Maharashtra Nagar in M/E Ward. The accepted Bid Price for the Project is Rs.1,126.58 crore, including taxes. Powered by Capital Market - Live

Ashoka Buildcon has received a letter of acceptance from Maharashtra State Road Development Corp. (MSRDCL) for construction of Major Bridge across Bankot Creek between Kolmandla, District Raigad to Veshvi on Revas Reddi Costal Highway (SH (special) No. 5 in Ratnagiri District on EPC Mode in state of Maharashtra'. The company bid project cost is Rs 310 crore. Powered by Capital Market - Live

Ashoka Buildcon has received letter of acceptance for two projects from Maharashtra State Road Development Corp. (MSRDCL). The accepted bid price for the projects is Rs.1,999.99 crore, excl. GST. The project include: 1. Construction of Major Bridge across Jaigad Creek between Tawsal and Jaigad on Revas Reddi Coastal Highway (SH (special) No. 5 in Ratnagiri District on EPC Mode in state of Maharashtra (Project bid price Rs 715.99 crore). 2. Construction of Major Bridge across Kundalika Creek between Revdanda to Salav on Revas Reddi Coastal Highway (SH (Special) No. 5 in Ratnagiri District in the State of Maharashtra (Project bid price Rs 1284 crore). Powered by Capital Market - Live

In a regulatory filing made during market hours today, the company informed that it had submitted bid for the Project to Brihanmumbai Municipal Corporation (BMC). Further to apprise that the company has been declared as the lowest bidder (L-1) for the said project. The quoted bid price for the project is Rs 918 crore. The project involves constructing a flyover at the T-junction on the Sion-Panvel Highway in Mumbai's M/E Ward. The project has to be executed within a period of 30 months. Ashoka Buildcon is engaged in construction & maintenance of roads and supporting services to land support-operation of toll roads. The company has reported a standalone net profit of Rs 40.8 crore in Q1 FY25, which is significantly higher as compared with Rs 16.4 crore in Q1 FY24. Total income jumped 22% YoY to Rs 1,900.8 crore during the period under review. Powered by Capital Market - Live

Ashoka Buildcon has been declared as the Lowest Bidder (L-1) for a Brihanmumbai Municipal Corporation project. The quoted bid price for the project is Rs.918.00 crore, excl. GST. The project entails the construction of flyover Arm1 Arm-2 at T Junction on Sion Panvel Highway Maharashtra Nagar in M/E Ward. Powered by Capital Market - Live

Ashoka Buildcon has emerged as L1 bidder for a City & Industrial Development Corporation of Maharashtra (CIDCO) project entailing integrated Infrastructure Development of 20M & above wide Roads, Construction of Various Major & Minor Structures (Viz. Flyover, Minor Bridges, VUPS, PUPS etc.) And Allied Electrical Works (Street Light) in TPS - 10 & TPS - 11 under NAINA Project. The company bid project cost is Rs 1667.78 crore. Powered by Capital Market - Live

Ashoka Buildcon announced that ICRA has upgraded the Credit Ratings for Long Term - Fund Based - Term Loan of Ashoka Ankleshwar Manubar Expressway (SPV), a wholly owned subsidiary of Ashoka Concessions, a subsidiary of the Company as follows: The ICRA has assigned the Credit Rating for Long Term - Fund Based - Term Loan as [ICRA] AAA upgraded from [ICRA] AA; Outlook revised to stable from Positive.Powered by Capital Market - Live