Latest news with #AshokaPurestudyTechnologiesPrivateLimited
Mint
2 days ago
- Business
- Mint
Ashoka Buildcon share price jumps over 5% after securing ₹1,387 crore traffic management project in Maharashtra
Ashoka Buildcon share price surged by more than 5% during Friday's trading session following the announcement that the company, along with its subsidiary Ashoka Purestudy Technologies Private Limited (APTPL), had received Letters of Intent (LOIs) from the Maharashtra Motor Vehicles Department on Thursday. This agreement involves the design, implementation, operation, and maintenance of an Intelligent Traffic Management System in various regions. The project, which will last for 10 years, encompasses Nagpur, Mumbai, Pune, Marathwada, and Konkan & Western Maharashtra, with an estimated total value of ₹ 1,387.19 crore. The estimated project costs according to the RFP, including GST, are as follows: Nagpur – ₹ 179.97 crore; Mumbai – ₹ 291.49 crore; Pune – ₹ 285.23 crore; Nagpur – ₹ 179.97 crore; Mumbai – ₹ 291.49 crore; Pune – ₹ 285.23 crore; Konkan & Western Maharashtra – ₹ 315.54 crore; and Marathwada – ₹ 314.96 crore. The final amount will be determined once the work order is officially issued. Konkan & Western Maharashtra – ₹ 315.54 crore. Ashoka Buildcon announced its fourth-quarter earnings on May 23, revealing a remarkable 73.2% increase in net profit, which reached ₹ 432.2 crore, up from ₹ 249.6 crore in the same quarter last year. The company reported a revenue of ₹ 2,694.4 crore for Q4, marking an 11.7% growth compared to ₹ 3,052 crore in the same period of the previous financial year. This strong performance highlights the company's successful operations and growth trajectory, as per experts. Ashoka Buildcon share price today opened at ₹ 229.85 apiece on the BSE, the stock touched an intraday high of ₹ 230.70 per share, and an intraday low of ₹ 223.65 apiece. According to Rajesh Bhosale, Equity Technical and Derivative Analyst at Angel One, Ashoka Buildcon share price have seen a gap up opening, but are currently placed at 200DMSA, further positive momentum would be seen once this key average above 230 that could push prices towards 250 , on the flip side, 210 is immediate support.
Business Upturn
3 days ago
- Automotive
- Business Upturn
Ashoka Buildcon bags Rs 1,387 crore traffic management projects across Maharashtra
By Aman Shukla Published on June 5, 2025, 15:36 IST Ashoka Buildcon Limited, along with its subsidiary Ashoka Purestudy Technologies Private Limited (APTPL), has received confirmation for multiple contracts from the Motor Vehicles Department of Maharashtra. The projects involve the design, implementation, integration, operation, and maintenance of Intelligent Traffic Management Systems (ITMS) across several key regions in the state. The awarded contracts cover the Nagpur, Mumbai, Pune, Konkan & Western Maharashtra, and Marathwada circles. Each project is set to run for a duration of ten years following the completion of a 15-month implementation period. The total estimated value for all projects, including GST, stands at over ₹1,387 crore, with individual allocations ranging from around ₹179 crore in Nagpur to nearly ₹315 crore in the Konkan & Western Maharashtra and Marathwada regions. These contracts mark a significant infrastructure initiative by the state's transport authorities aimed at enhancing traffic management and road safety. The work orders are expected to be issued soon, which will confirm the final value of the projects. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
