Shares of Ashoka Buildcon rose 3% on November 28, trading at Rs 239.85 on the NSE, after the company secured an EPC order worth Rs 192.59 crore from Madhya Pradesh Poorv Kshetra Vidyut Vitaran Company.
The project involves procurement, installation, testing, and commissioning of new 11 kV lines and infrastructure under a feeder separation programme, with an execution timeline of 24 months.
The company has been successfully able to win most of the bids, despite which NHAI cancelled the bid for the Kharagpur-Chandrakona-Ghatal road project in West Bengal on administrative grounds. Ashoka Buildcon has been on spree to expand its portfolio, lately it received a LoA for Bowaichandi-Guskara-Katwa covering 43 km.
Ashoka Buildcon Order book stands tall at a value of Rs 11104 cr where a big part is comprised of road related projects that suggest its resistance also indicates its growth prospects
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Source: Moneycontrol
News Desk
