Ashoka Buildcon advanced 3.76% to Rs 85.55 after the company announced that it received a letter of acceptance (LOA) from the South Western Railway (SWR) for a construction project worth Rs 258.12 crore.
The company had submitted its bid to the SWR and the company has received a letter of acceptance from SWR for the project viz. 'construction of new BG line between Chainage 192.000 and Chainage 171.640 including electrical & telecommunication works between Tolahunse (Ex.) & Bharmasagar (Ex.) stations on engineering, procurement & construction (EPC) Mode' (Project).
The accepted bid project cost for the project is Rs 258.12 crore. The completion period is 24 months from the date of appointed date.
Ashoka Buildcon is engaged in the construction & maintenance of roads and supporting services to land support-operation of toll roads.
On a consolidated basis, net profit of Ashoka Buildcon rose 67.73% to Rs 134.55 crore on 46.40% rise in net sales to Rs 1878.56 crore in Q1 June 2022 over Q1 June 2021.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app