The first project, worth Rs 310 crore, involves engineering, procurement, and construction (EPC) work for a major bridge across Bankot Creek between Kolmandla (Raigad District) and Veshvi on Revas Reddi Coastal Highway No. 5 in Ratnagiri District, Maharashtra. The project is to be completed within 36 months, including monsoon periods.
The second project, valued at Rs 1,999.99 crore, is for constructing major bridges across Jaigad Creek (between Tawsal and Jaigad) and Kundalika Creek (between Revdanda and Salav), also on the Revas Reddi Coastal Highway in Ratnagiri District. This project is also expected to be completed within 36 months.
Earlier this month, Ashoka Buildcon secured a project worth Rs 1,673.24 crore from the City & Industrial Development Corporation of Maharashtra (CIDCO). Additionally, the company has been declared the lowest bidder for a Rs 918 crore project by the Brihanmumbai Municipal Corporation (BMC).
The Mumbai Metropolitan Region Development Authority (MMRDA) awarded Ashoka Buildcon a Rs 474.10 crore contract for the design and construction of an elevated road from Kalyan-Murbad Road to Pune Link Road, crossing the Karjat-Kasara railway line.
On Friday, Ashoka Buildcon’s shares closed at Rs 251.8, up 3.1% on the BSE, while the benchmark Sensex fell 0.28%. The shares have surged 84% in 2024 so far and 226% over the past two years, with the company currently holding a market capitalization of Rs 7,068 crore.Ashoka Buildcon is a Fortune India 500 company and one of the leading highway developers in India. The company is an integrated EPC, BOT, and HAM player.
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