{"id":4774,"date":"2024-11-04T10:12:16","date_gmt":"2024-11-04T04:42:16","guid":{"rendered":"https:\/\/lakshmishree.com\/news\/?p=4774"},"modified":"2024-11-04T10:12:18","modified_gmt":"2024-11-04T04:42:18","slug":"ashoka-buildcon-declared-lowest-bidder-for-rs-312-crore-msetcl-project-shares-dip-2","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/news\/ashoka-buildcon-declared-lowest-bidder-for-rs-312-crore-msetcl-project-shares-dip-2\/","title":{"rendered":"Ashoka Buildcon Declared Lowest Bidder for Rs 312 Crore MSETCL Project; Shares Dip 2%"},"content":{"rendered":"\n

Ashoka Buildcon’s stock price fell over 2% in early trading on November 4, despite being declared the lowest bidder for a Rs 312.13 crore contract from Maharashtra State Electricity Transmission Company (MSETCL). As of 09:31 am, shares traded at Rs 239.75 on the BSE, down by Rs 5.65 or 2.30%.<\/p>\n\n\n\n

The contract involves the establishment of a 400\/220 kV substation at Nandgaon Peth, Amravati, along with associated transmission lines under MSETCL\u2019s Amravati Zone, Maharashtra. The project is expected to be completed within 18 months.<\/p>\n\n\n\n

This news follows Ashoka Buildcon’s recent acquisition of an additional 34% stake in Ashoka Concessions Ltd (ACL) for Rs 1,526 crore, making ACL a wholly-owned subsidiary.<\/p>\n\n\n\n

Ashoka Buildcon reported a 148% y-o-y leap in standalone net profit at Rs 40.8 crore in Q1 results of FY25. The total income of the company rose 22% to Rs 1,900.8 crore as compared to Rs 1,557.2 crore in the same period of the last fiscal.<\/p>\n\n\n\n

The stock, which touched a 52-week high of Rs 284.75 in September, is currently trading 13.82% below this peak but is 93.23% above its 52-week low of Rs 127. In the past one year, the stock has risen by 92% and represents the positive investor sentiment about the growth prospects of the company.<\/p>\n\n\n\n

Do you have a news tip for Lakshmishree reporters? Please email us at <\/em>media@lakshmishree.com<\/p>\n\n\n\n

Source:\u00a0Moneycontrol<\/a><\/sup><\/sub><\/p>\n","protected":false},"excerpt":{"rendered":"

Ashoka Buildcon’s stock price fell over 2% in early trading on November 4, despite being declared the lowest bidder for a Rs 312.13 crore contract from Maharashtra State Electricity Transmission Company (MSETCL). As of 09:31 am, shares traded at Rs 239.75 on the BSE, down by Rs 5.65 or 2.30%. The contract involves the establishment […]<\/p>\n","protected":false},"author":1,"featured_media":4775,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[50],"tags":[614],"class_list":["post-4774","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-indian-market","tag-ashoka-buildcon-project"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/4774","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/comments?post=4774"}],"version-history":[{"count":1,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/4774\/revisions"}],"predecessor-version":[{"id":4776,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/4774\/revisions\/4776"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media\/4775"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media?parent=4774"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/categories?post=4774"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/tags?post=4774"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}