Ashoka Buildcon receives project worth Rs 258.1 croreASHOKA - 124 Change: 2.70 (2.23 %)
Ashoka Buildcon has received a letter of acceptance from the south western railway for the project viz. construction of new BG Line including electrical & telecommunication works between Tolahunse & Bharmasagar stations on EPC mode. The accepted bid project cost isRs 258.1 crore.
Ashoka's order book at the end of Q1FY23 was at Rs 14,779.9 crore. Also, the company has received projects worth Rs 1,087 crore received post June 2022. The order book as on date, thus, is at Rs 15,867 crore, 3x book to TTM bill. Overall, the management has guided for order inflows of Rs 10,000+ crore during FY23 with strong traction expected from roads, building and railways sector. Key trigger for ABL will be stability in margins and consummation of asset sale.