Rs 11,104 crore order book: Civil construction company bags new orders worth Rs 192.69 crore from Madhya Pradesh Poorv Kshetra Vidyut Vitaran Company Ltd

The shares of the company saw a spurt in volume by more than 1.10 times on BSE.

On Thursday, the shares of Ashoka Buildcon Ltd gained 1.83 per cent to Rs 239.45 per share from its previous closing of Rs 235.15 with an intraday high of Rs 242.60 and an intraday low of Rs 237.60. The stock is up over 80 per cent from its 52-week low of Rs 130.95 per share. The shares of the company saw a spurt in volume by more than 1.10 times on BSE.

Ashoka Buildcon Limited has secured a significant contract from Madhya Pradesh Poorv Kshetra Vidyut Vitaran Company Limited (MPPKVCL) for an Engineering, Procurement, and Construction (EPC) project involving the supply, installation, testing, and commissioning of new 11 KV lines, LT lines, distribution transformer substations, and supporting infrastructure. The project aims to separate 11 KV mixed feeders and mixed distribution transformers under KfW financing for Feeder Separation (FSP) Lot-I in Chhindwara. The contract, awarded to a domestic entity, is valued at Rs 192.69 crore, excluding GST, and is expected to be completed within 24 calendar months.

Earlier, the company secured a significant contract from the National Highways Authority of India (NHAI) for the development of a 4-lane Economic Corridor on NH 116A in West Bengal. The project, awarded under the Hybrid Annuity Mode, is valued at Rs 1,391 crore (excluding GST) and is expected to be completed within 910 days, including monsoon periods.

Ashoka Buildcon Ltd is engaged in the construction and infrastructure facilities business on an EPC (engineering, procurement and construction) and BOT (Build-Operate-Transfer) basis. It is also involved in the sale of RMC (ready-mix concrete). The company has a market cap of over Rs 6,700 crore and its current order book as of September 30, 2024, stands at Rs 11,104 crore.

In September 2024, FIIs increased their stake to 7.95 per cent compared to 7.63 per cent in June 2024. Investors should keep an eye on this Small-Cap stock for upcoming trading sessions.

Disclaimer: The article is for informational purposes only and not investment advice.