BAJAJ BROKING
Ashoka Buildcon emerged as the lowest bidder for two MMRDA projects worth ₹1,280.8 crore, involving the construction of creek bridges from Kolshet to Kalher and Gaimukh to Payegaon, with expected completion in 42 and 36 months respectively.
Ashoka Buildcon Ltd, a prominent player in the construction and infrastructure sector, announced on Saturday, August 3, that it has emerged as the lowest bidder for two significant projects of the Mumbai Metropolitan Region Development Authority (MMRDA). The combined worth of these projects is around ₹1,280.8 crore.
The awarded projects involve the design and construction of two creek bridges. The first bridge will connect Kolshet to Kalher, while the second will link Gaimukh to Payegaon. Both projects will be executed under the engineering, procurement, and construction (EPC) model.
Kolshet to Kalher Creek Bridge:
Project Value: ₹289.6 crore
Completion Time: 42 months
Gaimukh to Payegaon Creek Bridge:
Project Value: ₹991.2 crore
Completion Time: 36 months
These projects signify Ashoka Buildcon's strategic role in enhancing infrastructure within the Mumbai Metropolitan Region.
Ashoka Buildcon has consistently secured major projects, reinforcing its market position. In June, the company emerged as the lowest bidder for two projects worth ₹2,153 crore from the Maharashtra State Road Development Corporation.
Jaigad Creek Bridge:
Location: Between Tawsal and Jaigad on the Revas-Reddi Coastal Highway
Project Value: ₹794.85 crore
Completion Time: 36 months
Kundalika Creek Bridge:
Location: Between Revdanda and Salav on the Revas-Reddi Coastal Highway
Project Value: ₹1,357.87 crore
Completion Time: 36 months
On Friday, Ashoka Buildcon shares closed 0.32% higher at ₹254.50 on NSE. The stock has shown a robust performance, gaining 85.90% year-to-date, reflecting investor confidence and the company’s strong project acquisition pipeline.
Ashoka Buildcon's latest project wins from MMRDA further consolidates its leadership in the construction and infrastructure sector. With a strategic focus on delivering high-value EPC projects, the company continues to contribute significantly to regional infrastructure development while maintaining a strong market presence.
These new contracts highlight Ashoka Buildcon's unwavering commitment to excellence and its pivotal role in shaping India's infrastructure landscape. Investors closely monitor Ashoka Buildcon's share price as it adds new projects to its order book.
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.
For All Disclaimers Click Here: https://bit.ly/3Tcsfuc
Share this article:
7th Pay Commission Leave Rules & Holidays in India
11 Dec, 2024 | 5 Min. read
Wipro Ltd
11 Dec, 2024 | 7 Min. read
Aditya Birla Group
11 Dec, 2024 | 10 Min. read
What is the Lock-in Period in IPO
11 Dec, 2024 | 6 Min. read
Textile Sector in India
11 Dec, 2024 | 11 Min. read
Step-by-Step Guide to Accessing Your Income Tax Assessment Order Online
11 Dec, 2024 | 3 Min. read
IPO vs FPO vs OFS: Key Differences in How Companies Raise Capital
11 Dec, 2024 | 8 Min. read
Gold Price in India - Gold Prices Edge Higher as Futures Hit $2,654.50
11 Dec, 2024 | 39 Min. read
Indian Overseas Bank Secures ₹1,359 Crore Income Tax Refund for AY 2015-16
11 Dec, 2024 | 2 Min. read
HG Infra Secures ₹899 Crore NH-227B Road Upgrade Project in UP
11 Dec, 2024 | 2 Min. read
NTPC Green Energy Secures 500 MW Solar Project with 250 MW ESS from SECI
11 Dec, 2024 | 2 Min. read
Awfis Space ₹583 Crore Block Deal Launches at ₹680 Floor Price
11 Dec, 2024 | 2 Min. read
RBI Launches ULI: Transforming Loan Access
August 27, 2024 | 4 Min. read
Textile Sector in India
September 20, 2024 | 5 Min. read
List of IPOs with DRHPs Filed
November 30, 2023 | 3 Min. read
Aditya Birla Group
September 28, 2023 | 10 Min. read
Bajaj Housing Finance Ltd IPO: Things Smart Investors Need to Know
September 05, 2024 | 4 Min. read
Budget Stock Ideas 2024-2025 | Stocks to Buy Today
July 24, 2024 | 4 Min. read
IPO Eligibility Criteria : Full Details
March 15, 2024 | 6 Min. read
What Is the Lock-In Period in IPOs?
October 18, 2023 | 6 Min. read
Godfrey Phillips Announces 2:1 Bonus Shares
September 16, 2024 | 7 Min. read
Jindal Group- A Comprehensive Analysis
September 27, 2024 | 7 Min. read
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading