This features a Rs 474.1 crore challenge awarded by the Mumbai Metropolitan Area Improvement Authority (MMRDA).
The challenge includes the design and building of an elevated highway from Kalyan Murbad Street (Palms Water Resort) to Badlapur Street (Jagdish Dughdhalaya) and Pune Hyperlink Street, operating parallel to the Waldhuni River, crossing over the Karjat-Kasara Railway Line, and together with a slip highway. The challenge is to be accomplished inside 30 months, together with the monsoon interval, the corporate knowledgeable in an alternate submitting.
Moreover, the infra agency bagged two extra letters of award for contracts value Rs 1,264 crore. These embrace the design and building of a creek bridge from Kolshet to Kalher and one other from Gaimukh to Payegaon.
As well as, Ashoka Buildcon secured two extra contracts value Rs 1,264 crore. These embrace the design and building of a creek bridge from Kolshet to Kalher and one other from Gaimukh to Payegaon. The timeline for completion is 36 months and 42 months, respectively, together with the monsoon interval.
In Q1 FY25, Ashoka Buildcon reported 148% development in standalone web revenue at Rs 40.80 crore when put next with Rs 16.40 crore within the corresponding quarter a 12 months in the past. Complete earnings elevated by 22% year-on-year (YoY) to Rs 1,900.80 crore from Rs 1,557.20 crore in the identical comparable interval. EBITDA margin rose by 150 foundation factors (bps) to 7.6% from 6.1%.On Tuesday, Ashoka Buildcon’s shares closed at Rs 236.7, up 3.7% on the BSE, whereas the benchmark Sensex fell 0.04%. Its shares have surged 73% in 2024 up to now and 202% over the previous two years, with the corporate presently holding a market capitalization of Rs 6,646 crore.Ashoka Buildcon is a Fortune India 500 firm and one of many main freeway builders in India. The corporate is an built-in EPC, BOT and HAM participant.
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