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Ashoka Buildcon- secured new orders

News: Ashoka Buildcon (ABL) has secured a project from MoRTH namely six lane link road (NH-1665) to Mopa Airport in the State of Goa on EPC mode'. The bid price stood at Rs.769.4 crore.

Views: ABL’s order book at the end of Q2FY22 was at Rs.11,883 crore (excluding a project worth Rs.139 crore received from Assam Power Distribution Company). Additionally, ABL had guided for order inflows of Rs.5,000-6,000 crore during FY22 (secured projects worth ~Rs.4,100 crore during YTD FY22) and is likely to achieve the targeted projects with robust traction in roads, power T&D and building segments.

Impact: Positive