Construction Stock: Ashok Buildcon, a leading company in the construction sector, has received another big order from Mumbai Metropolitan Region Development Authority i.e. MMRDA. Currently, this company has been selected as L1 bidder. When the market opens on Monday, the action of this news can be seen on the stock. This week the stock closed at Rs. 252 (Ashoka Buildcon Share Price). In the last 1 year, it has given an impressive return of 140 per cent.
Ashoka Buildcon Order Details
Ashoka Buildcon has been selected as L1 bidder for two big projects by Mumbai Metropolitan Region. One project is worth Rs 289.60 crore which has to be completed in 42 months. The second project is worth Rs 991.20 crore which has to be completed in 36 months. In this way, the company has been selected as L1 bidder for projects worth Rs 1281 crore.
Ashoka Buildcon’s order book is strong
Along with the March quarter results, the company had said that its order book is more than Rs 11697 crore. After that the company has received many big orders. Earlier in the month of June, the company got an international project worth 18.50 million euros. On June 1, a big order of Rs 1358 crore was received from Maharashtra State Road Development.
Ashoka Buildcon Share Price History
This share is at Rs 252. On June 26, this stock had made a high of Rs 272. It has given 85 per cent return so far this year and more than 140 per cent return in one year. Ashok Buildcon is a Fortune India 500 company which is one of the top highway developers in the country. The company undertakes all three types of projects EPC, BOT and HAM. It has nearly 3 decades of experience in construction and infrastructure development. The company has done projects in more than 20 states.
