On October 15, Ashoka Buildcon’s share price is predicted to rise for the third day in a row after receiving a Letter of Acceptance (LoA) from Maharashtra State Road Development Corp. Ltd.
The company received a ₹310 Crore engineering, procurement, and construction (EPC) contract for the construction of a large bridge across Bankot Creek between Kolmandla, District Raigad, and Veshvi on Revas Reddi Costal Highway No. 5 in Ratnagiri District, Maharashtra.
The project is set to last 36 months, including the monsoon season.
MSRDCL awarded the company another project worth ₹1,999.99 Crore for the construction of a major bridge across Jaigad Creek between Tawsal and Jaigad, as well as a major bridge across Kundalika Creek between Revdanda and Salav on the Revas Reddi Coastal Highway in Ratnagiri District, Maharashtra.
Earlier this month, the company secured a project for ₹1,673.24 Crore from the City & Industrial Development Corporation of Maharashtra Limited (CIDCO).
The company has also been declared the lowest bidder for a project worth ₹918 Crore by the Brihanmumbai Municipal Corporation (BMC).
The Mumbai Metropolitan Region Development Authority (MMRDA) also awarded a ₹474.10 Crore project for the design and construction of an elevated road from KalyanMurbad Road (Palms Water Resort) to Badlapur Road (Jagdish Dughdhalaya) to Pune Link Road, parallel to the Waldhuni River crossing over the Karjat-Kasara railway line, including a slip road.
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