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Ashoka Buildcon’s share price jumped 8% during morning trading on Monday after the company secured large orders from Maharashtra.
The stock opened at ₹266.05 on the Bombay Stock Exchange (BSE), slightly up from the previous close of ₹251.80. It then climbed to an intraday high of ₹272, reflecting an 8% increase.
Among the significant contracts, Ashoka Buildcon won an Engineering, Procurement, and Construction (EPC) order from the City & Industrial Development Corporation of Maharashtra Limited (CIDCO). The bid for this project is ₹1,673.24 crore, plus GST. This order is expected to be completed within 1,460 days from the start date, including the monsoon period. The project includes developing wide roads, building various structures like flyovers and bridges, and doing electrical work for street lights under the NAINA Project.
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