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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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Contract Value: Rs.568.86 crore (including GST) from Central Railway.
Project Scope: EPC works for gauge conversion across 53.3 km in Maharashtra.
Execution Timeline: 913 days for full project completion.
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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.
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.
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.
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