The shares of Ashoka Buildcon will be in focus on Wednesday after the company announced that it has bagged a Letter of Acceptance from the National Highways Authority of India (NHAI) for the Vadodara-Mumbai Expressway in Gujarat worth ₹865.90 Crore.
In an exchange filing issued on Monday, November 9, the company said that on November 05, 2026, Ashoka Buildcon Limited had submitted a bid for the following Project of the National Highways Authority of India (NHAI).
The company further added that it has received a Letter of Acceptance (“LoA”) for the project.
SCOPE OF PROJECT
This project involves the balance construction work on an eight-lane, access-controlled section of the expressway, extending from Km 128.0 to Km 154.6 between Karvad and Jujuwa in Gujarat.
The project will be undertaken under the engineering, procurement and construction (EPC) model.
The value of the contract is pegged at ₹865.90 crore, excluding goods and services tax (GST).
Earlier this month, the company had announced that it was declared as the lowest (L1) bidder.
In October, the infrastructure and construction company had received a letter of acceptance (LoA) from North Eastern Railway for a ₹290.23 crore contract to upgrade electric traction power supply facilities in Uttar Pradesh.
The contract included designing, supplying, erecting, testing and commissioning traction substations and related switching posts for a 2×25 kilovolt alternating current (AC) traction feeding system.
STOCK PERFORMANCE
Looking at the company’s stock, shares closed in red with minor losses on Monday’s trade, slipping 0.25%. In this year’s trade, the company’s shares have seen the value slip by 38.68%
Over the past month of trading, the company’s stock has fallen over 3%. The stock price is 49.55% below its 52-week high of ₹203.97. The stock is 7.96% above its 52-week low of ₹95.31, which it had fallen to on October 29. In the past 10 trading sessions, the stock has had a 50-50 record, as it has fallen in 5 out of the last 10 trading sessions. The stock price now sits at ₹102.94 per share.
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