Ashoka Buildcon Share News - Latest Updates, Live News & More

Latest news about Ashoka Buildcon

Ashoka Buildcon Extends Stake Sale Completion Timeline to 2025 13 hours ago Yesterday

Ashoka Buildcon Limited has announced an extension of its ongoing stake sale completion timeline to September 30, 2025. The infrastructure development company has not disclosed specifics about the stake being sold or the parties involved. This extension may lead to prolonged uncertainty for shareholders and potentially impact the company's financial planning and market perception. The delay suggests a complex transaction that may require additional time for negotiations or regulatory approvals.

Ashoka Buildcon Secures $67 Million Road Project in Guyana, Boosting Order Book Jun 19, 2025

Ashoka Buildcon and Subsidiary Secure Intelligent Traffic Management Projects in Maharashtra Jun 18, 2025

Ashoka Buildcon Shares Dip as GST Department Conducts Search Operation Jun 12, 2025

Ashoka Buildcon Faces GST Department Scrutiny: Search and Seizure Notice Issued Jun 12, 2025

More news about Ashoka Buildcon

06Jun 25

Ashoka Buildcon Halts Work on ₹1,673 Crore NAINA Infrastructure Project Following Court Order

Ashoka Buildcon has been ordered to stop work on the ₹1,673 crore NAINA Infrastructure Project by CIDCO, following a Bombay High Court decision. The stop work order could lead to project delays and potential financial impacts for the company. The specific reasons for the court's ruling and the duration of the work stoppage are currently unknown.

06Jun 25

Ashoka Buildcon Secures Rs 1,387 Crore ITMS Project Across Maharashtra

Ashoka Buildcon Limited and its subsidiary have been awarded Letters of Intent for an Intelligent Traffic Management System (ITMS) project in Maharashtra, valued at Rs 1,387.19 crore. The project covers five regions and includes a 15-month implementation period followed by a 10-year operation and maintenance phase. This win diversifies Ashoka Buildcon's portfolio, provides a long-term revenue stream, and positions the company in the smart city infrastructure sector.

05Jun 25

Ashoka Buildcon Secures ₹1,387 Crore Traffic Management Project in Maharashtra

Ashoka Buildcon and its subsidiary have received Letters of Intent for a major Intelligent Traffic Management System project across multiple regions in Maharashtra, valued at ₹1,387.19 crore. The project spans Nagpur, Mumbai, Pune, Marathwada, Konkan & Western Maharashtra, with a duration of 10 years. The final project value will be determined upon the issuance of the official work order.

27May 25

Ashoka Buildcon Sets Ambitious Rs. 12,000 Crore Target, Outlines Project Realizations

Ashoka Buildcon has announced ambitious financial targets, aiming for Rs. 12,000 crore with a Rs. 250 crore allocation for FY 2025-26. The company expects to realize Rs. 5,000 crore from projects, including Rs. 2,500 crore from BOT projects and Rs. 2,400 crore from HAM projects. Out of this, Rs. 1,600 crore will go to SBI Macquarie, with the remainder allocated for automation initiatives.

27May 25

Ashoka Buildcon Eyes Robust Revenue Growth and Significant Debt Reduction

Ashoka Buildcon plans to realize Rs 10,000-12,000 crore from projects in 2025-2026. The company aims to reduce its Rs 5,000 crore debt by Rs 4,000 crore, an 80% decrease, largely through asset monetization by Q2. Lower interest costs are expected in FY2025 and FY2026.

24May 25

Ashoka Buildcon Q4 Profit Surges 73.2%, Revenue Climbs 11.7%

Ashoka Buildcon Ltd reported strong Q4 financial results with net profit rising 73.2% to ₹432.20 crore and revenue increasing 11.7% to ₹2,694.40 crore. EBITDA grew 22.3% to ₹777.20 crore, with margins expanding to 28.9% from 20.8%. For the full fiscal year, total revenue increased 20.96% to ₹9,798.50 crore, while net profit surged 77.34% to ₹521.20 crore. The company's performance indicates improved operational efficiency and effective cost management.

23Apr 25

Ashoka Buildcon Secures ₹568.86 Crore Railway Project from Central Railway

Ashoka Buildcon has won a ₹568.86 crore contract from Central Railway for a gauge conversion project. The EPC contract involves construction work on a 53.3 km stretch from Pachora to Jamner, including earthwork, bridges, and miscellaneous civil works. The project has a 913-day execution timeframe. Following the announcement, Ashoka Buildcon's shares rose 4.9% to ₹207.70 on the BSE.

22Apr 25

Ashoka Buildcon Secures ₹568.86 Crore Railway Project from Central Railway for Pachora-Jamner Gauge Conversion

Ashoka Buildcon Limited has been awarded a major railway project by Central Railway for ₹568.86 crore. The project involves gauge conversion work on the Pachora-Jamner route, covering 53.3 kilometers. The scope includes earth work, construction of bridges, and miscellaneous civil works. The project has a duration of 913 days and is expected to strengthen Ashoka Buildcon's position in the infrastructure sector.

15Apr 25

Ashoka Buildcon Secures Frontrunner Position for Rs. 568.86 Crore Project

Ashoka Buildcon Limited has emerged as the lowest bidder for a significant infrastructure project valued at ₹568.86 crore. This development showcases the company's competitive edge in the market and could potentially expand its project portfolio. If awarded, the project would contribute to revenue growth, strengthen the order book, and enhance the company's market position. However, being the lowest bidder does not guarantee the contract award, as final decisions depend on various factors including technical evaluations.

15Apr 25

Ashoka Buildcon Restructures: Transfers 16 Subsidiaries to Unique Hybrid Renewables

Ashoka Buildcon Limited has sold its entire 100% stake in 16 wholly-owned subsidiaries to Unique Hybrid Renewables Energy Private Limited, another wholly-owned subsidiary, for 800,000.00 Rupees. This internal restructuring move consolidates multiple subsidiaries under a single entity, potentially streamlining operations and focusing on renewable energy initiatives.

12Apr 25

Ashoka Buildcon Poised to Secure Rs. 568.86 Crore Railway Project

Ashoka Buildcon Limited has been identified as the lowest bidder for a Central Railway project valued at Rs. 568.86 crore. The project involves gauge conversion work from Pachora-Jamner, covering approximately 53.3 km. The contract, if awarded, will be on an Engineering, Procurement, and Construction (EPC) basis with a 30-month completion timeline. This development could significantly enhance Ashoka Buildcon's order book and revenue prospects.

11Apr 25

Ashoka Buildcon Restructures, Sells Stakes in 16 Newly Formed Subsidiaries

Ashoka Buildcon Limited has sold its entire stake in 16 newly formed subsidiary companies to Unique Hybrid Renewables Energy Private Limited, another wholly-owned subsidiary, for ₹8.00 lakh. This strategic restructuring move, completed on April 11, 2025, involves subsidiaries focused on renewable energy projects. The transaction is part of a plan to streamline operations, with Unique Hybrid Renewables Energy becoming an intermittent holding company for the divested subsidiaries.

08Apr 25

Ashoka Buildcon Divests 51% Stake in Prakashmaan Subsidiary to Sunbreeze for ₹1.98 Crore

Ashoka Buildcon Limited has sold 51% of its stake in Prakashmaan Renewable Energy Private Limited to Sunbreeze Renewables Private Limited for ₹1.98 crore. The infrastructure company will retain a 49% stake, making Prakashmaan an associate company. Sunbreeze, a technology-agnostic renewable asset management company, operates across seven Indian states with over 3000 MW renewable energy capacity. Financial impact cannot be quantified as Prakashmaan was recently incorporated. The transaction complies with regulatory requirements and is not a related party transaction.

26Mar 25

CCI Greenlights Acquisition of Ashoka Buildcon Group's Road Assets

The Competition Commission of India has approved the acquisition of 100% equity shareholding in eleven special purpose vehicles owned by Ashoka Buildcon Limited and its subsidiary, Ashoka Concessions Limited. The buyer is Epic Concesiones 2 Private Limited. This transaction signifies a substantial restructuring of Ashoka Buildcon's road asset portfolio, potentially impacting the company's financial position and future strategy.

25Mar 25

Ashoka Buildcon's Road Assets in Focus: CCI Approves Major Infrastructure Deals

The Competition Commission of India (CCI) has approved two significant infrastructure deals involving Ashoka Buildcon Limited. The first approval is for a combination involving Maple Infrastructure Trust, CDPQ Infrastructures Asia III Inc., Maple Highways Pte. Ltd., 360 ONE Private Equity Fund, and certain road assets of the Ashoka Buildcon Group. The second approval is for the acquisition of 100% equity shareholding in eleven Special Purpose Vehicles (SPVs) owned by Ashoka Concessions Limited and Ashoka Buildcon Limited by Epic Concesiones 2 Private Limited. These approvals signal potential restructuring and strategic divestment for Ashoka Buildcon, which could streamline its asset portfolio and bring in fresh capital or partnerships.

11Mar 25

Ashoka Buildcon Secures ₹311.92 Crore MSETCL Project for 400/220 KV Substation

Ashoka Buildcon Limited has received a Letter of Acceptance from Maharashtra State Electricity Transmission Company Limited for a ₹311.92 crore project. The contract involves establishing a 400/220 KV substation at Nandgaon Peth, Amravati, along with associated transmission lines. The project, to be completed in 18 months, includes supply, erection, testing, commissioning, and civil works.

10Mar 25

Ashoka Buildcon Secures ₹3.12 Billion MSETCL Project for 400/220 KV Substation in Amravati

Ashoka Buildcon Limited has received a Letter of Acceptance from Maharashtra State Electricity Transmission Co. Limited for a ₹3.12 billion project. The contract involves establishing a 400/220 KV substation in Nandgaon Peth, Amravati, along with associated transmission lines. The turnkey project includes supply, erection, testing, commissioning, and civil works, to be completed within 18 months, excluding monsoon periods.

28Feb 25

Ashoka Buildcon Raises ₹50 Crore Through Commercial Paper Issuance

Ashoka Buildcon Limited has announced the issuance of commercial papers worth ₹50 crore on February 27, 2025, with a tenure of 89 days and an interest rate of 8.20% per annum. The CPs are set to mature on May 26, 2025, and are proposed to be listed on BSE Limited. This issuance is part of a larger ₹200 crore CP program approved by the company's board in May 2024. The move demonstrates Ashoka Buildcon's strategy to efficiently manage short-term financial needs in the infrastructure sector.

27Feb 25

Ashoka Buildcon Raises ₹500 Crore Through Commercial Paper Issuance

Ashoka Buildcon Limited has announced the issuance of commercial papers worth ₹500 crore, with an allotment date of February 27, 2025, and maturity on May 26, 2025. The 89-day tenure papers carry a coupon rate of 8.20% per annum and are proposed to be listed on BSE Limited. This move aims to enhance the company's liquidity position and meet immediate funding requirements. The issuance aligns with the board's previous approval to issue commercial papers up to ₹200 crore outstanding at any point in time.