Ashoka Buildcon secures Rs 568.86 crore gauge conversion project from Central Railway
Ashoka Buildcon Limited has officially announced the receipt of a Letter of Acceptance (LoA) from Central Railway for a major infrastructure project. The accepted contract value stands at ₹568.86 crore, inclusive of GST, and involves comprehensive civil engineering works along a key railway corridor.
According to the company's filing to the stock exchanges on April 22, the project includes the construction of earth work, major and minor bridges, RUBs (road under bridges), P. Way work, and other miscellaneous civil works as part of the gauge conversion between Pachora and Jamner, spanning approximately 53.3 km. The project scope specifically excludes the Pachora yard and road over bridges.
Ashoka Buildcon confirmed the order falls under the Engineering, Procurement and Construction (EPC) category and will be executed over a period of 913 days. This project was awarded by a domestic public sector entity and is not considered a related party transaction.
The latest contract is part of the company's ongoing strategic efforts to strengthen its order book in the railway infrastructure sector, aligning with national goals of modernizing transport infrastructure and improving rail connectivity.
Ashoka Buildcon's stock is likely to remain in focus following this development as investors gauge the growth potential from this sizeable public sector order.
Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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