Ashoka Buildcon Limited new projects will be for MMRDA (Mumbai Metropolitan Region Development Authority). The company took the project as the lowest bidder. It made the official announcement on 3 August 2024, Saturday. Ashoka Buildcon Limited deals in Infrastructure development. It is among the leading companies in India taking national and international projects. We will be exploring the Ashoka Buildcon Limited new project below. From the year 1993, the company has been standing strong in the competitive market taking the best deals and projects. It recently completed its MOPA Airport Link road project.
What Is Ashoka Buildcon Limited?
Ashoka Buildcon Limited is an infrastructure company known for several roads, bridges, and construction projects. The company has been running successfully since 1993. Its share price is decreasing today (16.8.24 at 10:16 A.M.). The share price is Rs. 229.25 per share which is 1.74% down today. While it had a rise in its share price a day ago after the quarter results. Let us have a look at the company’s financials below.
Ashoka Buildcon Limited Financial Results
Ashoka Buildcon Limited performed well in the quarter results of Q1 FY25. The company had a net profit rise of 148% at Rs. 40.80 Cores. While it was Rs. 16.40 Crores in the previous quarter. Apart from that, it outperformed in its revenue as well. The company secured a revenue of Rs. 1,980 Crores from Rs. 1,557.20 Crores previous quarter. Ashoka Buildcon’s EBITDA also rose to 7.6% from 6.1%.
Ashoka Buildcon Limited New Project For MMRDA
Ashoka Buildcon Limited new project is for MMRDA. It will be for the design and construction of two bridges. The first one will be from Kolshet to Kalher. The other one will be from Gaimukh to Payegaon. Let us go deep into the details of these two projects. The first one from Kolshet to Kalher will be a project worth Rs. 289.6 Crores. It will take 42 months to complete. The bridge will be connecting different locations Maharashtra. It will join Kolshet which is in Thane West, Thane, Maharashtra to Kalher which is in Bhiwandi, Maharashtra.
The second one connecting Gaimukh with Payegaon will be worth Rs. 991.2 Crores. It will be completed in 36 months. Gaimukh is also located in Thane West, Thane, Maharashtra. While, Payegaon is also in Maharashtra. The company took both these projects at its lowest bid. The bid for the first project by Ashoka Buildcon was at Rs. 794.85 Crores. While it was Rs. 1,357.87 Crores for the second project. Keep reading with Construction Job Update for Ashoka Buildcon Limited New Projects.
