Ashoka Buildcon shares rose by 4% after the company announced it had emerged as the lowest bidder for a significant infrastructure project awarded by Central Railway. The project involves the gauge conversion of the Pachora-Jamner railway section, covering approximately 53.3 kilometers, with a total bid value of ₹568.86 crore, excluding GST.
The awarded work falls under the Engineering, Procurement and Construction (EPC) model and is scheduled for completion within 30 calendar months. The scope includes earthwork, construction of major and minor bridges, RUBs (Road Under Bridges), permanent way (P. Way) work, and other associated civil works. However, the Pachora yard and road over bridges are not part of the contract.
This new project is part of Central Railway’s broader strategy to modernize railway infrastructure, improve connectivity, and enhance operational efficiency across the region. It also reinforces Ashoka Buildcon’s strong presence in India’s infrastructure and transportation sector, especially in railway development.
The project is entirely domestic and aligns with the Indian government’s push toward building world-class infrastructure and boosting regional connectivity.
Ashoka Buildcon shares opened at ₹196.00 today, reaching a high of ₹197.00 and a low of ₹193.45 during the session. The stock is currently trading well below its 52-week high of ₹319.00, but remains above the 52-week low of ₹149.05.
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