Ashoka Buildcon , a prominent player in the construction and infrastructure sector, has announced a significant addition to its project portfolio. The company has secured a new contract from Central Railway valued at ₹568.86 crore, including GST.

Project Details

The project, awarded by Central Railway, involves the 'Construction of Earth Work, Major Bridges, Minor Bridges, RUBs, P. Way Work and Miscellaneous Civil Works in Connection with Gauge Conversion Work.' This extensive undertaking covers a stretch of approximately 53.3 km from Pachora to Jamner, excluding Pachora Yard and Road Over Bridges.

Key Highlights

• Contract Value: ₹568.86 crore (including GST)
• Awarding Entity: Central Railway
• Project Type: Engineering, Procurement and Construction (EPC)
• Execution Timeframe: 913 days

Scope of Work

The project encompasses a wide range of construction activities, including:

1. Earth Work
2. Construction of Major Bridges
3. Construction of Minor Bridges
4. Railway Under Bridges (RUBs)
5. P. Way Work (Permanent Way)
6. Miscellaneous Civil Works

This comprehensive scope underscores the project's significance in enhancing railway infrastructure and connectivity in the region.

Company's Disclosure

Ashoka Buildcon Limited made this announcement in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Market Impact

This new contract represents a substantial addition to Ashoka Buildcon's order book. It not only strengthens the company's position in the infrastructure sector but also demonstrates its continued ability to secure large-scale government projects.

Following the announcement, Ashoka Buildcon's shares saw a positive market response, rising 4.9% to ₹207.70 on the BSE.

The successful execution of this project could potentially enhance the company's reputation in handling complex railway infrastructure works, possibly opening doors for similar projects in the future.

As Ashoka Buildcon embarks on this significant railway infrastructure project, stakeholders will be keenly watching its execution and the potential impact on the company's financial performance in the coming quarters.

Ashoka Buildcon Limited , a prominent infrastructure development company, has announced a significant addition to its project portfolio. The company has been awarded a major railway project by Central Railway, further solidifying its position in the infrastructure sector.

Project Details

The project, valued at ₹568.86 crore (including GST), involves the 'Construction of Earth Work, Major Bridges, Minor Bridges, RUBs, P. Way Work and Miscellaneous Civil Works in Connection with Gauge Conversion Work.' This extensive undertaking will cover the Pachora-Jamner route, spanning approximately 53.3 kilometers, excluding the Pachora Yard and Road Over Bridges.

Contract Specifics

Scope of Work

The project encompasses a wide range of construction activities, including:

• Earth Work
• Construction of Major Bridges
• Construction of Minor Bridges
• Railway Under Bridges (RUBs)
• P. Way Work (Permanent Way)
• Miscellaneous Civil Works

This comprehensive scope highlights the complexity and scale of the project, showcasing Ashoka Buildcon's capabilities in handling multi-faceted infrastructure developments.

Project Specifics

The gauge conversion project between Pachora and Jamner in Maharashtra involves:

• A total distance of 53.3 kilometers
• Construction of earthworks, bridges, and associated infrastructure
• Completion timeline of 913 days

This project is part of the ongoing efforts to modernize and expand India's railway network, improving connectivity and transportation efficiency in the region.

Impact on Ashoka Buildcon

The securing of this substantial contract is expected to have a positive impact on Ashoka Buildcon's business outlook. It not only adds a significant amount to the company's order book but also reinforces its expertise in railway infrastructure projects. This project aligns with India's ongoing efforts to upgrade and expand its railway network, positioning Ashoka Buildcon as a key player in the nation's infrastructure development.

Conclusion

As Ashoka Buildcon embarks on this new project, it demonstrates the company's continued ability to secure major contracts in the competitive infrastructure sector. The successful execution of this project could potentially open doors for more railway-related contracts in the future, contributing to the company's growth trajectory in the coming years.

Investors and industry observers will likely keep a close watch on the progress of this project, as it represents a significant opportunity for Ashoka Buildcon to showcase its project management and execution capabilities in the railway infrastructure domain.