Ashoka Buildcon Ltd News

CCI approves Ashoka Buildcon's 34% stake buy in Ashoka Concessions

The Competition Commission of India (CCI) on Tuesday approved Ashoka Buildcon's proposal to acquire remaining 34 per cent stake in Ashoka Concessions Ltd. Currently, Ashoka Buildcon Ltd (ABL) owns a 66 per cent holding in Ashoka Concessions Ltd (ACL). After the CCI's approval, ACL will become a wholly-owned subsidiary of Ashoka Buildcon. The proposed combination relates to the acquisition of 34 per cent equity shareholding of Ashoka Concessions by Ashoka Buildcon and certain convertible instruments of ACL by ABL and Viva Highways, CCI said. Viva Highways is a subsidiary of Ashoka Buildcon. "CCI approves the proposed acquisition of 34 per cent equity shareholding of Ashoka Concessions by Ashoka Buildcon and certain convertible instruments of ACL by ABL and Viva Highways (Viva); and 26 per cent shareholding of Jaora Nayagaon Toll Road Company (JN) by Viva," CCI said in a post on X on Tuesday. In October 2024, ABL said it will acquire 100 per cent of the investments of investors in AC

Here's why Ashoka Buildcon shares jumped 5% in trade on January 7; details

The project is expected to be completed in 910 days, including monsoon, Ashoka Buildcon said

Ashoka Buildcon rallies 6% on strong order book; zooms 124% in CY24

As on September 30, 2024, the company's balance order book stood at Rs 11,104 crore, excluding additional orders post September 2024 worth of Rs 4,320 crore, and L1s of Rs 265 crore.

Ashoka Buildcon to invest Rs 9,000 cr in green hydrogen plant in Bihar

Construction engineering company Ashoka Buildcon plans to invest Rs 9,000 crore in setting up a green hydrogen plant in Bihar, its COO-Renewable Energy Mayank Sharma said Friday. The company signed a memorandum of understanding with the state government, committing to investing in the plant, during the Bihar Business Connect 2024. The Maharashtra-based firm is in highway construction, power distribution and solar projects. Sharma said the company will set up a 1,250 MW solar project and use the clean electricity to produce green hydrogen by splitting water. "The first phase of the plant is being planned at Begusarai (in Bihar)," he said. Green hydrogen is the cleanest known source of energy, which produces just water from being burnt. Sharma said the first phase of the project will take 1.5-2 years to commission from the date of receiving all clearances. The second phase will follow thereafter. According to the latest presentation on the company website, Ashoka Buildcon had an

Rs 193-cr contract win lifts Ashoka Buildcon share 3%; key details here

Ashoka Buildcon share rose after the company said that it has received a NoAfrom Madhya Pradesh Poorv Kshetra Vidyut Vitaran Company for a project of Rs 192.69 crore, excluding GST

Why Ashoka Buildcon shares climbed 5% on Nov 26: check details here

Ashoka Buildcon bagged a letter of award (LOA) from National Highways Authority of India (NHAI) for a West Bengal economic corridor project

Ashoka Buildcon receives LOA for Nhai project worth Rs 1,391 crore

The company was declared as the lowest bidder (L-1) during the bidding procedures for the project

Ashoka Buildcon up 6% on emerging lowest bidder for project of Rs 2,791 cr

The rise in Ashoka Buildcon share price came after the company announced that it has emerged as the lowest bidder (L-1) for a project worth Rs 2,791 crore

Ashoka Buildcon enters share purchase agreement, to sell road assets

The company will also acquire the remaining 34 per cent stake in its unit ACL at an aggregate consideration of Rs 1,526 crore, to make it a wholly owned subsidiary

Here's why Ashoka Buildcon shares zoomed 7% on Oct 31; details here

Shares of Ashoka Buildcon rose up to 6.7 per cent at Rs 248.45 per share on the BSE

Ashoka Buildcon stock flies 8% after Co receives LoA worth Rs 3,982 cr

Shares of civil construction firm Ashoka Buildcon rose as much 8 per cent at Rs 272 per share on the BSE in Monday's intraday trade

Ashoka Buildcon rises 4% on emerging lowest bidder for Rs 918-crore project

Ashoka Buildcon secured the project from Brihanmumbai Municipal Corporation (BMC), Mumbai, for construction of flyover arm1 arm-2 at T Junction on Sion Panvel Highway

Ashoka Buildcon up 5% as JV emerges lowest bidder for order of Rs 1,668 cr

The rise in the share price came after the company announced that its joint venture (JV) has emerged as the lowest bidder for a project of Rs 1,667.78 crore from CIDCO

Ashoka Buildcon stock soars over 4% after bagging LoAs worth Rs 1,727 cr

Ashoka Buildcon shares surged as much as 4.3 per cent at Rs 247 a piece on the BSE

Ashoka Buildcon up 5% on emerging as lowest bidder for project of Rs 478 cr

The rise in Ashoka Buildcon share price came after the company announced that it has emerged as lowest bidder for project of Rs 478 crore from Mumbai Metropolitan Region Development Authority (MMRDA).

Ashoka Buildcon Q1 net soars 148%, order book at Rs 10K cr; stock trades up

Ashoka Buildcon stock update: The stock had gained over 4 per cent in intra-day deals; but soon pared gains. Total income increased by 22 per cent in Q1FY25.

Ashoka Buildcon gains on emerging lowest bidder for two projects from MMRDA

The uptick in the share price came after the company announced that it has emerged as the lowest bidder (L-1) for two projects from Mumbai Metropolitan Region Development Authority (MMRDA).