Ashoka Buildcon Limited, in conjunction with its subsidiary Ashoka Purestudy Technologies Private Limited (APTPL), has secured a substantial order valued at approximately Rs 1,387.19 crore from the Motors Vehicles Department, Maharashtra.
The company received Letters of Intent (LOIs) for various projects across five key regions: Nagpur, Mumbai, Pune, Marathwada, and Konkan and Western Maharashtra. These projects involve the design, implementation, integration, operation, and maintenance of Intelligent Traffic Management Systems (ITMS) over a 10-year period.
The project-wise estimated costs, including GST, are as follows: Nagpur at Rs 179.97 crore, Mumbai at Rs 291.49 crore, Pune at Rs 285.23 crore, Konkan & Western Maharashtra at Rs 315.54 crore, and Marathwada at Rs 314.96 crore.
The total estimated value aligns with the broader order of Rs 1,387.19 crore. The implementation phase for these domestic contracts is set for 15 months from the contract signing date, followed by a 10-year operation and maintenance period from the Go Live date.
Ashoka Buildcon Ltd is engaged in the construction and infrastructure facilities business on an EPC (engineering, procurement and construction) and BOT (Build-Operate-Transfer) basis. It is also involved in the sale of RMC (ready-mix concrete). The company has a market cap of over Rs 6,300 crore and its current order book as of March 31, 2025, stands at Rs 14,905 crore.
According to Quarterly Results, the net sales decreased by 12 per cent to Rs 2,694.42 crore while the net profit increased by 73 per cent to Rs 432.23 crore in Q4FY25 compared to Q4FY24. In its annual results, the net sales increased by 2 per cent to Rs 10,036.63 crore and the net profit increased by 237 per cent to Rs 1,694.10 crore in FY25 compared to FY24. In its annual results, the company reported net sales of Rs 9,798 crore and net profit of Rs 521 crore in FY24.
