April 15, 2025
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Ashoka Buildcon emerges as lowest bidder for Rs 569-crore railway project
Ashoka Buildcon shares are in focus on Tuesday after the company emerged as the lowest bidder for a railway project worth Rs 568.86 crore (excluding GST), floated by the Central Railway.
The project involves gauge conversion work along the 53.3-km stretch between Pachora and Jamner in Maharashtra. The scope includes construction of earthwork, major and minor bridges, road under bridges (RUBs), permanent way (P-Way) work, and other civil works—excluding Pachora Yard and road over bridges.
The execution timeline for the project is 30 months.
This marks the second major order win in just over a month for the construction engineering firm. On March 10, Ashoka Buildcon announced that it had secured a Letter of Acceptance from Maharashtra State Electricity Transmission Co Ltd (MSETCL) for a turnkey substation and transmission line project valued at Rs 311.92 crore, including GST.
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