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Ashoka Buildcon Ltd.

BSE: 533271 Sector: Engineering
NSE: ASHOKA ISIN Code: INE442H01029
BSE LIVE 15:53 | 23 Feb 179.15 -4.50
(-2.45%)
OPEN

181.20

HIGH

182.30

LOW

178.40

NSE LIVE 15:58 | 23 Feb 178.50 -4.90
(-2.67%)
OPEN

182.80

HIGH

182.80

LOW

176.50

OPEN 181.20
PREVIOUS CLOSE 183.65
VOLUME 40338
52-Week high 199.60
52-Week low 111.00
P/E 18.19
Mkt Cap.(Rs cr) 3352.61
Buy Price 0.00
Buy Qty 0.00
Sell Price 179.15
Sell Qty 1198.00
OPEN 181.20
CLOSE 183.65
VOLUME 40338
52-Week high 199.60
52-Week low 111.00
P/E 18.19
Mkt Cap.(Rs cr) 3352.61
Buy Price 0.00
Buy Qty 0.00
Sell Price 179.15
Sell Qty 1198.00

Ashoka Buildcon Ltd. (ASHOKA) - Chairman Speech

Company chairman speech

At the outset I would like to thank you for showing trust in the Company in itsjourney so far. With the help of your support in the QIP the net worth of the Company hasgrown from Rs. 1054* Crore to Rs. 1680 Crore thereby enabling the Company to bid forvarious projects.

The year gone continued to be quite robust for the infrastructure sector especiallyroads where projects more than 10000 knots valued at Rs.l lac Crore were awarded by theCentral Government with a promise to award 5000 kins in 016-17. Also the FinanceBudget 016 allocated Rs.97000 Crore for the ensuing year. This entails a tremendousopportunity for the Company to participate and win projects at desired margins.

In the last year Compary could bag road projects of Rs. 2800 Crore. Though due toteething problems for the projects won they could not start execution in the yearresulting in no growth in EPC revenues in this year but we are confident that we willmake up for the same in the coming year. We are glad to state that we have forayed inoverseas project after bagging a road project in Maldives in a JV and hope to perform wellin the same. We are glad to state that toll revenues have had robust growth in the lastyear and with expectation of economy to perform better the same will continue to grow. Wehad to terminate one of our minority JV project with L&T viz. Pimpalgaon Nasik GondeProject due to lack of government support to collect toll. On prudency grounds we havewritten off/provided for all the sums we have invested in the project till date. This willstop future losses of the project to the Company.

We continue to ramp up our orders in the current year with the huge opportunityavailable. Also with thrust on the power T&D sector with the Uday Scheme on thehorizon we expect steady pace of activity in this space too.

With the state of affairs on economic front and our preparedness we are poised foranother cycle of growth.

I thank the Board Members my Colleagues the Stakeholders including the ShareholdersPrivate Equity Partners Lenders Employers Vendors and Employees for all the support andparticipation in helping us create global footprints in Infrastructure.

Thank you

With best wishes

Ashok Katariya

Chairman