Ashoka Buildcon Secures CIDCO Project Worth ₹662.55 Cr: A Comprehensive Overview

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Explore the recent achievement of Ashoka Buildcon as it secures a ₹662.55 cr project from CIDCO. Learn about the company, the details of the order, its share performance, and more.



Introduction

Ashoka Buildcon, a leading infrastructure development company in India, has recently received a Letter of Acceptance (LoA) for a project worth ₹662.55 cr from the City & Industrial Development Corporation of Maharashtra Limited (CIDCO).

About Ashoka Buildcon

Established in 1993, Ashoka Buildcon Limited is a Nashik-based public limited company. The company is engaged in the construction of infrastructure facilities on an engineering, procurement, and construction (EPC) basis, as well as on a built, operate, and transfer (BOT) basis. It also provides ready mix concrete (RMC) and Bitumen.

Order Details

While the specific details of the CIDCO project are yet to be disclosed, Ashoka Buildcon's track record of securing and successfully executing large-scale infrastructure projects is noteworthy. The company has a portfolio of 36 PPP projects, which is the largest in number by any private player in India.

Share Performance

As of January 16, 2024, Ashoka Buildcon's shares were trading at ₹163.20.00. Over the past month, the stock has delivered a return of 16.96% to investors. The company's PEG ratio is 0.02, and it has a high promoter holding of 54.48%.

Conclusion

The recent CIDCO project win underscores Ashoka Buildcon's position as a leading player in India's infrastructure development sector. This development is likely to have a positive impact on the company's future performance and share price.

Disclaimer

This blog post is for informational purposes only and should not be considered as investment advice. Investors are advised to do their own research or consult a financial advisor before making any investment decisions.

Keywords : Ashoka Buildcon, CIDCO, Infrastructure Development, EPC, BOT, Share Performance, Stock Market, Investment

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