The order entails the development of a 4-lane economic corridor from Bowaichandi to Guskara-Katwa road section 89.814 km to 133 km of NH 116A (package-3) in the state of West Bengal under hybrid annuity mode. The project is valued at Rs 1,391 crore, and it is expected to be completed in 910 days, including the monsoon period. A special purpose vehicle (SPV) has been set up for the project's execution as per the concession agreement. 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 2,488.93 crore in Q2 FY25 over Q2 FY24.Powered by Capital Market - Live

Ashoka Buildcon announced that Ashoka Bowaichandi Guskara Road (SPV), a wholly owned subsidiary of the Company has executed a Concession Agreement with National Highways Authority of India (NHAI) on 06 January 2025, for the Project viz. 'for Development of 4 lane Economic Corridor from Bowaichandi to Guskara-Katwa 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). The SPV has been incorporated as wholly owned subsidiary of the Company for the execution of this Project as per requirement of the Concession Agreement. The accepted Bid Project Cost is Rs.1,391 crore.Powered by Capital Market - Live

Ashoka Buildcon and its material subsidiary viz. Ashoka Concessions (ACL), have entered into securities purchase agreements and other transaction documents with Epic Concesiones 2, Infrastructure Yield Plus II and Infrastructure Yield Plus IIA (both schemes of Infrastructure Yield Trust and managed by their respective investment manager, EAAA India Alternatives (formerly known as Edelweiss Alternative Asset Advisors Limited)) for, inter alia, sale of the entire share capital (including repayment/transfer of all shareholder loans) and management control of the SPVs held by the Company and/or ACL in their following subsidiaries: 1) Ashoka Kharar Ludhiana Road; 2) Ashoka Khairatunda Barwa Adda Road; 3) Ashoka Ranastalam Anandapuram Road; 4) Ashoka Ankleshwar Manubar Expressway; 5) Ashoka Mallasandra Karadi Road; 6) Ashoka Bettadahalli Shivamogga Road; 7) Ashoka Karadi Banwara Road; 8) Ashoka Belgaum Khanapur Road; 9) Ashoka Banwara Bettadahalli Road; 10) Ashoka Kandi Ramsanpalle Road; and 11) Ashoka Baswantpur Singnodi Road collectively, the 'SPVs', for an aggregate consideration of Rs.2,324 crore, subject to adjustments for cash and debt like items and other adjustments. Powered by Capital Market - Live

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