A significant infrastructure development is set to transform transportation connectivity in West Bengal. The ambitious four-lane economic corridor represents a substantial investment in regional transportation networks. With a project cost exceeding Rs. 1,391 Crore, this development signals considerable commitment to improving regional mobility and economic integration.
The national highway authority has selected a leading infrastructure developer to execute this critical infrastructure project. The new road corridor is expected to significantly reduce travel times, improve logistics efficiency, and provide a crucial transportation link for businesses and commuters in the region.
Share Price Movement
The share price of Ashoka Buildcon Limited went up by 3.79 percent to Rs. 241.90 per share on Tuesday, an increase from its previous close of Rs. 233.06 per share. The market capitalisation now stands at approximately Rs. 6,790.69 crore as of November 26, 2024.
What Happened
Ashoka Buildcon Limited has received a Letter of Award (LOA) from the National Highways Authority of India (NHAI) for a project. The accepted Bid Project Cost for this project is Rs.1,391 Crore. The project involves developing four-lane economic corridor that will enhance connectivity in West Bengal.
Q2 Financial Highlights
According to its recent filing, in the quarter ending September 2024, Ashoka Buildcon’s consolidated revenue from operations has increased by 15.5 percent YOY from Rs. 2,154 crore in Q2 FY24 to Rs. 2,489 crore in Q2 FY25 and increased by 0.97 percent QoQ from Rs. 2,465 crore in Q4 FY24.
The company’s consolidated net profit has increased by 288 percent, from Rs. 119 crore in Q2 FY24 to Rs. 462 crore in Q2 FY25. As compared to the last quarter of 2025, the company’s net profit has increased by 192 percent QoQ from Rs. 158 crore.
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Market Outlook
The Indian infrastructure sector has seen robust growth, with a $1.9 trillion National Infrastructure Pipeline, 33% increase in budget allocation, and 12,500 km highway construction target. The government’s focus on modernising railways, logistics, and leveraging private investment has led to a positive industry outlook.
Shareholding Pattern
As of the November 2024 shareholding pattern, Ashoka Buildcon Limited is primarily held by the promoters at 54.47 percent, domestic institutional investors hold 17.79 percent, and the public with 19.80 percent.
About Company
Ashoka Buildcon Limited, a Fortune India 500 company, is a leading player in India’s infrastructure development sector. Established in 1976 and headquartered in Nashik, Maharashtra, the company has grown into a prominent highway developer. It specializes in Engineering, Procurement, and Construction (EPC), Build-Operate-Transfer (BOT), and Hybrid Annuity Model (HAM) projects. With over four decades of experience, Ashoka Buildcon has become a cornerstone in shaping modern India’s infrastructure.
The company operates across diverse sectors, including highways, bridges, power distribution, railways, buildings, and city gas distribution. Having completed more than 11,500 lane kilometers of highways. Its extensive involvement in 41 Public-Private Partnership (PPP) projects spans key states like Maharashtra, Rajasthan, and Karnataka, ensuring its active role in India’s development.
With consistent financial growth, strategic leadership, and a talented workforce of over 4,000 employees, Ashoka Buildcon remains committed to excellence and innovation. Its focus on quality and sustainable practices positions it as a crucial contributor to India’s evolving infrastructure needs, paving the way for continued success.
Written By Fazal Ul Vahab C H
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