Ashoka Buildcon Limited has announced that it has emerged as the lowest bidder for a new infrastructure project awarded by Central Railway. The project involves comprehensive construction work related to the gauge conversion of the Pachora-Jamner railway section, spanning approximately 53.3 kilometers. The total bid value for the project stands at ₹568.86 crore, excluding GST.
The scope of work includes construction of earthwork, major and minor bridges, RUBs (Road Under Bridges), permanent way (P. Way) work, and various miscellaneous civil works. The Pachora yard and any road over bridges are excluded from the scope of this contract. This initiative is part of a broader effort by Central Railway to upgrade and modernize rail infrastructure for improved efficiency and connectivity.
The contract has been awarded under the Engineering, Procurement and Construction (EPC) model and is set to be executed over a timeline of 30 calendar months. As a domestic contract awarded by a domestic entity, the project falls entirely within the Indian infrastructure development framework.
This development aligns with Ashoka Buildcon’s ongoing involvement in railway and infrastructure projects across India, contributing to national goals of enhanced transportation networks and regional connectivity.
In the meantime, Ashoka Buildcon shares closed at ₹186.79 on Friday, slipping from an opening of ₹191.00. The stock touched a high of ₹192.19 and a low of ₹185.93 during the session. Despite recent volatility, it remains above its 52-week low of ₹149.05 but well below the 52-week high of ₹319.00.
