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Ashoka Buildcon Bags Rs.568.86 Crore Railway Contract from Central Railway

Synopsis:

Ashoka Buildcon has received a Rs.568.86 crore EPC contract from Central Railway for gauge conversion in Maharashtra. The project spans 53.3 km and must be completed in 913 days. This boosts Ashoka Buildcon Ltd share price and order portfolio.


Ashoka Buildcon Ltd has received the Letter of Acceptance (LoA) from Central Railway for an EPC contract valued at Rs.568.86 crore, inclusive of GST. The project involves gauge conversion works between Pachora and Jamner in Maharashtra. The contract, to be executed over 913 days, covers earthworks, major and minor bridges, road under-bridges (RUBs), permanent way installations, and other civil works across a 53.3 km stretch, excluding the Pachora yard and road over-bridges.

This development strengthens Ashoka Buildcon’s infrastructure portfolio and reaffirms its role in India’s railway modernisation efforts. Market response was modest, with Ashoka Buildcon Ltd share price rising 0.56% to close at Rs.198 on the BSE.

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ASHOKA BUILDCON LTD

Trade

184.31-8.80 (-4.55 %)

Updated - 30 April 2025
192.36day high
DAY HIGH
182.55day low
DAY LOW
1177167
VOLUME (BSE)

Key Takeaways

  1. Contract Value: Rs.568.86 crore (including GST) from Central Railway.

  2. Project Scope: EPC works for gauge conversion across 53.3 km in Maharashtra.

  3. Execution Timeline: 913 days for full project completion.

Also read: PFC Flags Rs.307 Crore Default by Gensol Engineering in EV Lease

Project Scope And Execution Details

The scope of work under this engineering, procurement, and construction contract includes:

  • Earthwork for railway alignment

  • Construction of major and minor bridges

  • Development of road under-bridges (RUBs)

  • Permanent way work

  • Associated civil infrastructure excluding Pachora yard

The contract aligns with the Indian Railways' mission to improve rail connectivity and enhance operational capacity on regional routes.

Performance Snapshot Of Q3FY25

Ashoka Buildcon reported a profit before tax of Rs.306.7 crore in Q3FY25, up 62.4% year-on-year, despite a revenue dip. EBITDA rose 7% YoY to Rs.638 crore, with a margin expansion from 22.5% to 26.8%, indicating superior cost controls and project execution.

Summary Table: Ashoka Buildcon – New Railway Contract

Parameter

Details

Client

Central Railway

Contract Value

Rs.568.86 crore (inclusive of GST)

Project Length

53.3 km

Execution Time

913 days

Scope

EPC – bridges, RUBs, earthwork, P-way

Location

Pachora to Jamner, Maharashtra

Share Price Movement

Rs.198 (+0.56%) on April 22, 2025

The order strengthens Ashoka Buildcon’s ongoing growth in the infrastructure sector. The company’s expertise in executing transport and civil infrastructure positions it well for future projects. Investors watching Ashoka Buildcon Ltd share price may view this award as a promising step in maintaining order book momentum and operational efficiency.

Also read: Bharti Airtel Acquires 400MHz 5G Spectrum from Adani Data Networks

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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