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Business Standard
2 days ago
- Business
- Business Standard
Ashoka Buildcon share jumps 5% on securing this deal; key details here
Ashoka Buildcon share price: Ashoka Buildcon share price was buzzing in trade in an overall subdued market, with the scrip rising up to 5.39 per cent to an intraday high of ₹230.70 per share, on Friday, June 6, 2025. At 9:27 AM, Ashoka Buildcon share was trading 3.13 per cent higher at ₹225.75 per share. In comparison, BSE Sensex was trading flat with a negative bias at 81,373.16 levels. Why did Ashoka Buildcon share price rise today? Ashoka Buildcon share price rose after the company announced that it, along with its subsidiary, has bagged letter of intent (LoI) worth ₹1,387.2 crore from the Motor Vehicles Department, Maharashtra In an exchange filing, the company said, 'Ashoka Buildcon informs that the Company and Ashoka Purestudy Technologies Private Limited (APTPL), a subsidiary of the Company, had jointly submitted bids for various projects to the Motors Vehicles Department, Maharashtra. This is to inform that Company has received Letters of Intent (LOIs) for the Circles including Nagpur; Mumbai; Pune; Marathwada; and Konkan and Western Maharashtra.' According to the order details, Ashoka Buildcon and its subsidiary have been entrusted with a comprehensive, long-term project to boost traffic management infrastructure across multiple regions in Maharashtra. As part of the contract, they will be responsible for the design, implementation, integration, operation, and maintenance of an Intelligent Traffic Management System (ITMS) across various road stretches in the Nagpur Circle for a period of 10 years. In addition to these urban regions, Ashoka Buildcon will design, implement, operate, and maintain ITMS on various blackspots and vulnerable locations in the Konkan and Western Maharashtra Circle for 10 years. A parallel scope of work will be undertaken for blackspots and critical points in the Marathwada Circle, ensuring improved road safety and traffic regulation over the same 10-year period. The project implementation period is 15 months from the date of signing of the contract and Operation & maintenance period is 10 years from the Go Live date, the company highlighted. About Ashoka Buildcon Ashoka Buildcon Limited, a Fortune India 500 company, is one of the foremost highway developers in the country, known for its strong presence in the infrastructure and construction space. Since its inception in 1976, the company has grown into a diversified and integrated player, operating across EPC (Engineering, Procurement, and Construction), BOT (Build, Operate, Transfer), and HAM (Hybrid Annuity Model) segments. The company's core business spans Highways & Bridges, Power (EPC), Railway Projects, Buildings (EPC), City Gas Distribution, and Smart Infrastructure. Ashoka Buildcon is also engaged in the production and sale of Ready Mix Concrete (RMC). With a portfolio of 41 PPP projects either completed or under execution, it has established a major footprint across more than 20 Indian states, positioning itself as a key contributor to India's infrastructure growth.
Mint
3 days ago
- Business
- Mint
RailTel share price jumps over 4.5% on winning ₹274 crore order from MVD
RailTel Corporation share price in focus: RailTel Corporation's share price gained momentum during the mid-trading session on Thursday, June 5, rising 4.6% to hit a seven-month high of ₹ 461.75 apiece after the company announced an order from the Motor Vehicles Department (MVD), Maharashtra. The company informed investors in a regulatory filing today that it had received a Letter of Intent (LOI) from the Motor Vehicles Department, Maharashtra, for the design, implementation, operation, and maintenance of an Intelligent Traffic Management System (ITMS) at various blackspots and vulnerable spots in the Vidarbha Circle for a period of 10 years, worth ₹ 274.40 crore. This was the company's second order win in less than a week, as on May 31, it received a work order from Mahanadi Coalfields Limited for provisioning an Internet leased line for different areas of MCL to stream CCTV, worth ₹ 10.59 crore, and it also secured ₹ 25 crore worth of orders from the Andhra Pradesh Police. Amid a series of order wins and strong March quarter results, the stock has maintained steady upward momentum on Dalal Street, regaining the momentum it lost during the recent correction. Railway stocks had previously experienced a sustained bull run from May 2023 to July 2024, which drove their valuations to unsustainable levels. This, combined with a slowdown in order inflows, led investors to retreat from the segment, resulting in sharp corrections from record highs. However, the recent pickup in order flow has renewed investor interest, attracting them back into the railway segment alongside the continuing momentum in defense stocks. After ending May with a solid gain of 34.5%, the shares have extended their momentum into the current month, gaining another 15% so far and taking the total gain to 75% from April lows. Despite sharp volatility in the stock price, it has remained a multibagger on Dalal Street, delivering a 400% return over the last five years. For the quarter ending March, the company reported a net profit of ₹ 113.4 crore in Q4 FY25, registering a growth of 46.3% compared to ₹ 77.53 crore in the same period last year. The Navratna public sector undertaking's (PSU) revenue from operations in Q4 FY25 increased 57% year-on-year (YoY) to ₹ 1,308.28 crore from ₹ 832.7 crore.
Business Standard
3 days ago
- Automotive
- Business Standard
RailTel wins contract worth Rs 274 cr from Motor Vehicles Department, Maharashtra
Railtel Corporation of India has received a letter of intent from Motor Vehicles Department, Maharashtra for design, implementation, operate and maintain Intelligent Traffic Management System (ITMS) on various blackspots/ vulnerable spots in the Vidarbha Circle for a period of 10 years. The estimated size of the contract is Rs 274.40 crore.
Business Standard
3 days ago
- Business
- Business Standard
RailTel Corp gains on Rs 274-cr Maharashtra traffic management order
RailTel Corporation of India rose 3.29% to Rs 456.85 after the company secured an order worth Rs 274.40 crore from the Motor Vehicles Department, Maharashtra. The project involves the design, implementation, operation, and maintenance of an Intelligent Traffic Management System (ITMS) at various blackspots and vulnerable locations across the Vidarbha Circle. The contract will span 10 years, with execution scheduled by 4 September 2036. The estimated value of the contract, as per the Request for Proposal (RFP), stands at Rs 274.40 crore. The final order value will be confirmed upon issuance of the purchase order (PO). RailTel Corporation of India, a 'Navratna' central public sector enterprise, is one of the largest neutral telecom infrastructure providers in the country, owning a pan-India optic fiber network covering several towns & cities and rural areas of the country. The company's standalone net profit jumped 55.1% to Rs 105.78 crore on a 57.1% rise in net sales to Rs 1,308.28 crore in Q4 FY25 over Q4 FY24.
Mint
3 days ago
- Business
- Mint
RailTel share price jumps over 4.5% on winning ₹274 crore order from MVD
RailTel Corporation share price in focus: RailTel Corporation's share price gained momentum during the mid-trading session on Thursday, June 5, rising 4.6% to hit a seven-month high of ₹ 461.75 apiece after the company announced an order from the Motor Vehicles Department (MVD), Maharashtra. The company informed investors in a regulatory filing today that it had received a Letter of Intent (LOI) from the Motor Vehicles Department, Maharashtra, for the design, implementation, operation, and maintenance of an Intelligent Traffic Management System (ITMS) at various blackspots and vulnerable spots in the Vidarbha Circle for a period of 10 years, worth ₹ 274.40 crore. This was the company's second order win in less than a week, as on May 31, it received a work order from Mahanadi Coalfields Limited for provisioning an Internet leased line for different areas of MCL to stream CCTV, worth ₹ 10.59 crore, and it also secured ₹ 25 crore worth of orders from the Andhra Pradesh Police. Amid a series of order wins and strong March quarter results, the stock has maintained steady upward momentum on Dalal Street, regaining the momentum it lost during the recent correction. Railway stocks had previously experienced a sustained bull run from May 2023 to July 2024, which drove their valuations to unsustainable levels. This, combined with a slowdown in order inflows, led investors to retreat from the segment, resulting in sharp corrections from record highs. However, the recent pickup in order flow has renewed investor interest, attracting them back into the railway segment alongside the continuing momentum in defense stocks. After ending May with a solid gain of 34.5%, the shares have extended their momentum into the current month, gaining another 15% so far and taking the total gain to 75% from April lows. Despite sharp volatility in the stock price, it has remained a multibagger on Dalal Street, delivering a 400% return over the last five years. For the quarter ending March, the company reported a net profit of ₹ 113.4 crore in Q4 FY25, registering a growth of 46.3% compared to ₹ 77.53 crore in the same period last year. The Navratna public sector undertaking's (PSU) revenue from operations in Q4 FY25 increased 57% year-on-year (YoY) to ₹ 1,308.28 crore from ₹ 832.7 crore. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
