The company has received letter of acceptance from NHAI for development of Memmadpur (Ambala) - Banur (IT City Chowk) - Kharar (Chandigarh) Corridor for a bid price of Rs 726 crore
Highways developer Ashoka Buildcon on Friday said it had bagged an order worth Rs 1,018.36 crore from Maldives' Fahi Dhiriulhun Corporation for design and construction of 2,000 social housing units
Despite today's gain, in past one month, the stock of roads & highways construction company has underperformed the market by falling 10 per cent, as compared to 2.7 per cent decline in the Sensex
Government has issued a request for proposals to engage legal advisors, merchant bankers and selling brokers to sell a 20 per cent stake in National Fertilizers via OFS
In the past one month, the stock has rallied 56 per cent.
The company said its total order book as on September 30, 2020 stands at Rs 9,300 crore.
The company had posted a PAT of Rs 11.45 crore in the corresponding quarter a year ago, it said in a regulatory filing to the BSE
Debt resolution, Covid-related liquidity concerns, and a long legal process acting as deterrent are some reasons pushing firms to pursue conciliation
Ashoka Buildcon on Monday said it has bagged two highway projects worth Rs 1,390 crore in Bihar from National Highways Authority of India
The company has emerged as the lowest bidder for two National Highways Authority of India (NHAI) projects with an aggregate quoted value of Rs 1,390 crore in Bihar under Bharatmala Pariyojana.
MEP Infrastructure was up around 4.5 per cent to Rs 18.70 on the BSE.
Ashoka Buildcon's standalone net profit increased 6.7 per cent to Rs 69 crore in the recently concluded quarter, as against profit of Rs 65 crore clocked in Q1FY20 despite Covid-19-led lockdown
The company had clocked a profit after tax (PAT) at Rs 65 crore for the corresponding quarter a year ago, it said in a statement.
Its total income rose to Rs 5,152.21 crore in the last fiscal from Rs 5,007.22 crore in 2018-19
Shares of Ashoka Buildcon were trading at Rs 54.65 apiece on the BSE, up 3.21% over the previous close.
For the quarter ended September 2019, the company reported a 17.1 per cent YoY rise in net profit at Rs 73 crore. The EBITDA, too, rose 35.7 per cent YoY to Rs 162 crore.
Earlier this week, the company had said ACL had submitted its bid to the National Highways Authority of India for the said project
The contract to build 56 km highway stretch is under hybrid annuity mode for Tumkur-Shivamogga section of highway in Karnataka
Shares of Ashoka Buildcon rose as much as 8.25 per cent to Rs 137.70 apiece on BSE in the early trade on Tuesday as a news report suggested the company has raised Rs 1.50 billion from Morgan Stanley
Shares of Ashoka Buildcon rose as much as 11 per cent to Rs 133 apiece on National Stock Exchange (NSE) in intra-day trade on receipt of Letter of Acceptance (LoA) from Rail Vikas Nigam Limited (RVNL)